South Central Kansas MLS Releases Home Sales Figures for February 2021

Home Sales Figures for February 2021. Homes sales in South Central Kansas rose by 8.3% in February compared to the prior year. Sales in February 2021 totaled 654 units, up from 604 in 2020.

Among existing homes, 599 units sold in February, an increase of 6.0% from 565 units that sold in 2020. The average sale price of existing homes was $174,228. This represents an increase of 4.8% from the February 2020 average price of $166,300.

For new construction, 55 sales occurred in February, up from 39 units the prior year, an increase of 41.0%. The average sale price of new homes in February was $355,795, up 17.5% from the same period last year.

A total of 785 contracts for sale were written in February 2021, down from 852 in February 2020. This is a decrease of 7.9%. Contracts written during the month reflect, in part, sales that are set to close in the near future.

The inventory of active listings in South Central Kansas stood at 733 units at the end of February, which is down from 1,614 homes that were on the market at the end of February last year. At the current rate of sales, this figure represents 0.8 months’ supply of homes on the market.

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Prepared courtesy of the Kansas Association of REALTORS® using data from the South Central Kansas MLS®. Provided by the WSU Center for Real Estate www.wichita.edu/realestate