South Central Kansas MLS Releases Home Sales Figures for May 2021

Homes sales in South Central Kansas rose by 22.9% in May compared to the prior year. Sales in May 2021 totaled 1,091 units, up from 888 in 2020.
Among existing homes, 999 units sold in May, an increase of 21.5% from 822 units that sold in 2020. The average sale price of existing homes was $212,844. This represents an increase of 23.0% from the May 2020 average price of $173,029.
For new construction, 92 sales occurred in May, up from 66 units the prior year, an increase of 39.4%. The average sale price of new homes in May was $370,951, up 22.3% from the same period last year.
A total of 1,135 contracts for sale were written in May 2021, down from 1,211 in May 2020. This is a
decrease of 6.3%. 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 769 units at the end of May, which is down from 1,393 homes that were on the market at the end of May 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