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  7. South Central Kansas MLS Releases Home Sales Figures for October 2021

South Central Kansas MLS Releases Home Sales Figures for October 2021

Home sales in South Central Kansas fell by 16.2% in October compared to the prior year. Sales in October 2021 totaled 995 units, down from 1,188 in 2020.

Among existing homes, 933 units sold in October, a decrease of 15.3% from 1,101 units that sold in 2020. The average sale price of existing homes was $200,586. This represents an increase of 4.9% from the October 2020 average price of $191,283.

For new construction, 62 sales occurred in October, down from 87 units the prior year, a decrease of 28.7%. The average sale price of new homes in October was $344,206, up 8.2% from the same period last year.

A total of 1,056 contracts for sale were written in October 2021, up from 952 in October 2020. This is an increase of 10.9%. 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 1,014 units at the end of October, which is down from 1,271 homes that were on the market at the end of October last year. At the current rate of sales, this figure represents 1.0 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

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