Home sales in South Central Kansas rose by 6.5% in November compared to the prior year. Sales in November 2021 totaled 997 units, up from 936 in 2020.
Among existing homes, 929 units sold in November, an increase of 8.7% from 855 units that sold in 2020. The average sale price of existing homes was $210,615. This represents an increase of 13.5% from the November 2020 average price of $185,617.
For new construction, 68 sales occurred in November, down from 81 units the prior year, a decrease of 16.0%. The average sale price of new homes in November was $363,030, up 8.1% from the same period last year.
A total of 851 contracts for sale were written in November 2021, down from 878 in November 2020. This is a decrease of 3.1%. 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 885 units at the end of November, which is down from 1,208 homes that were on the market at the end of November last year. At the current rate of sales, this figure represents 0.9 months’ supply of homes on the market.