South Central Kansas MLS Releases Home Sales Figures for November 2023

Home sales in South Central Kansas fell by 3.9% in November compared to the prior year. Sales in
November 2023 totaled 686 units, down from 714 in 2022.

Among existing homes, 629 units sold in November, a decrease of 1.4% from 638 units that sold in 2022.
The average sale price of existing homes was $230,434. This represents an increase of 9.0% from the
November 2022 average price of $211,487.

For new construction, 57 sales occurred in November, down from 76 units the prior year, a decrease of
25.0%. The average sale price of new homes in November was $398,644, down 10.5% from the same
period last year.

A total of 648 contracts for sale were written in November 2023, up from 593 in November 2022. This is
an increase of 9.3%. 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 1,580 units at the end of November,
which is up from 1,228 homes that were on the market at the end of November last year. At the current
rate of sales, this figure represents 2.0 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