South Central Kansas MLS Releases Home Sales Figures for April 2023

Home sales in South Central Kansas fell by 27.2% in April compared to the prior year. Sales in April 2023 totaled 716 units, down from 983 in 2022.

Among existing homes, 651 units sold in April, a decrease of 26.9% from 890 units that sold in 2022. The average sale price of existing homes was $220,991. This represents an increase of 3.7% from the April 2022 average price of $213,157.

For new construction, 65 sales occurred in April, down from 93 units the prior year, a decrease of 30.1%. The average sale price of new homes in April was $435,187, up 7.7% from the same period last year.

A total of 918 contracts for sale were written in April 2023, down from 1,025 in April 2022. This is a decrease of 10.4%. 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 1,056 units at the end of April, which is up from 633 homes that were on the market at the end of April last year. At the current rate of sales, this figure represents 1.3 months’ supply of homes on the market.

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