Home sales in South Central Kansas fell by 31.3% in November compared to the prior year. Sales in November 2022 totaled 699 units, down from 1,017 in 2021.
Among existing homes, 630 units sold in November, a decrease of 33.0% from 940 units that sold in
2021. The average sale price of existing homes was $210,075. This represents an increase of 0.2% from the November 2021 average price of $209,740.
For new construction, 69 sales occurred in November, down from 77 units the prior year, a decrease of 10.4%. The average sale price of new homes in November was $427,622, up 16.9% from the same period last year.
A total of 609 contracts for sale were written in November 2022, down from 842 in November 2021. This is a decrease of 27.7%. 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 1,228 units at the end of November, which is up from 885 homes that were on the market at the end of November last year. At the current rate of sales, this figure represents 1.4 months’ supply of homes on the market.
