Home sales in South Central Kansas fell by 13.4% in June compared to the prior year. Sales in June 2022 totaled 1,044 units, down from 1,205 in 2021.
Among existing homes, 980 units sold in June, a decrease of 12.9% from 1,125 units that sold in 2021. The average sale price of existing homes was $2
For new construction, 64 sales occurred in June, down from 80 units the prior year, a decrease of 20.0%. The average sale price of new homes in June was $385,929, up 13.4% from the same period last year.
A total of 1,025 contracts for sale were written in June 2022, down from 1,142 in June 2021. This is a decrease of 10.2%. 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 869 units at the end of June, which is unchanged from the end of June last year. At the current rate of sales, this figure represents 0.9 months’ supply of homes on the market.