Home sales in South Central Kansas fell by 0.7% in December compared to the prior year. Sales in December 2021 totaled 987 units, down from 994 in 2020.
Among existing homes, 898 units sold in December, essentially unchanged from the same period last year. The average sale price of existing homes was $200,805. This represents an increase of 7.0% from the December 2020 average price of $187,608.
For new construction, 89 sales occurred in December, down from 96 units the prior year, a decrease of 7.3%. The average sale price of new homes in December was $417,335, up 23.3% from the same period last year.
A total of 692 contracts for sale were written in December 2021, down from 750 in December 2020. This is a decrease of 7.7%. 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 732 units at the end of December, which is down from 1,018 homes that were on the market at the end of December last year. At the current rate of sales, this figure represents 0.7 months’ supply of homes on the market.