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  7. MLS Statistics Press Release March 2021

MLS Statistics Press Release March 2021

Homes sales in South Central Kansas rose by 5.4% in March compared to the prior year. Sales in March
2021 totaled 903 units, up from 857 in 2020.

Among existing homes, 806 units sold in March, an increase of 2.7% from 785 units that sold in 2020.
The average sale price of existing homes was $189,126. This represents an increase of 16.7% from the
March 2020 average price of $162,117.

For new construction, 97 sales occurred in March, up from 72 units the prior year, an increase of 34.7%.
The average sale price of new homes in March was $325,543, up 9.9% from the same period last year.
A total of 1,072 contracts for sale were written in March 2021, up from 935 in March 2020. This is an
increase of 14.7%. 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 660 units at the end of March, which is
down from 1,562 homes that were on the market at the end of March last year. At the current rate of
sales, this figure represents 0.7 months’ supply of homes on the market.

Press Releases:

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

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