SCKMLS Home Sales Figures for Dec 2023

Home sales in South Central Kansas fell by 1.2% in December compared to the prior year. Sales in December 2023 totaled 678 units, down from 686 in 2022.

Among existing homes, 610 units sold in December, a decrease of 0.2% from 611 units that sold in 2022. The average sale price of existing homes was $228,453. This represents an increase of 5.3% from the December 2022 average price of $216,871.

For new construction, 68 sales occurred in December, down from 75 units the prior year, a decrease of 9.3%. The average sale price of new homes in December was $420,804, down 3.8% from the same period last year.

A total of 588 contracts for sale were written in December 2023, up from 524 in December 2022. This is an increase of 12.2%. 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 1,365 units at the end of December, which is up from 1,043 homes that were on the market at the end of December last year. At the current rate of sales, this figure represents 1.7 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