South Central Kansas MLS Releases Home Sales Figures for July 2023

Home sales in South Central Kansas fell by 12.3% in July compared to the prior year. Sales in July 2023
totaled 859 units, down from 979 in 2022.

Among existing homes, 781 units sold in July, a decrease of 12.6% from 894 units that sold in 2022. The
average sale price of existing homes was $244,415. This represents an increase of 8.0% from the July
2022 average price of $226,365.

For new construction, 78 sales occurred in July, down from 85 units the prior year, a decrease of 8.2%.
The average sale price of new homes in July was $368,389, down 5.2% from the same period last year.

A total of 864 contracts for sale were written in July 2023, down from 927 in July 2022. This is a decrease
of 6.8%. 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 1,321 units at the end of July, which is
up from 1,082 homes that were on the market at the end of July last year. At the current rate of sales,
this figure represents 1.6 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