Homes sales in South Central Kansas rose by 3.9% in September compared to the prior year. Sales in September 2021 totaled 1,072 units, up from 1,032 in 2020.
Among existing homes, 1,011 units sold in September, an increase of 5.5% from 958 units that sold in 2020. The average sale price of existing homes was $206,291. This represents an increase of 7.4% from the September 2020 average price of $192,126.
For new construction, 61 sales occurred in September, down from 74 units the prior year, a decrease of 17.6%. The average sale price of new homes in September was $332,065, up 3.6% from the same period last year.
A total of 1,020 contracts for sale were written in September 2021, down from 1,068 in September 2020. This is a decrease of 4.5%. 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 1,056 units at the end of September, which is down from 1,198 homes that were on the market at the end of September last year. At the current rate of sales, this figure represents 1.0 months’ supply of homes on the market.