Here’s a look at the South Central Kansas Real Estate Market for June 2019. According to statistics from the REALTORS® of South Central Kansas, there’s a 4.5 percent increase in the average sale price of homes in this area. Read more about this month’s real estate market trends.
📈 A Look at South Central Kansas Stats
We started June 2019 with a median sale price of $157,900 for single-family homes. We see an increase from last month’s $145,000 and a 5.3 percent increase from the $150,000 this time last year. The average sale price for homes in this area is $172,597, which is up 4.5 percent from the beginning of June 2018.
There were 1,122 closed sales in May 2019, which shows an increase of 2.7 percent from the 1,093 homes sold this time last year. We moved into June 2019 with 1,992 active listings for the South Central Kansas area. This number shows a decrease of 11.5 percent from the beginning of June 2018.
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💵 What does this mean for buyers?
South Central Kansas recorded 1,212 new listings for May, which shows a 14.6 percent drop from the 1,421 seen this time last year. There were 1,447 pending contracts and 1,053 contracts written during May.
If you’re thinking of buying a home in Wichita this year, you are not alone, and you have some strong competition for homes currently on the market. With the number of new homes coming on the market still in a slump, it’s more important than ever to make sure you’re getting notified when a new property comes on the market.
💲 What does this mean for sellers?
South Central Kansas single-family resident home sellers are receiving 98.3 percent of their listing price with an average of 42 days on the market. Both the percentage of listing price and average days remain consistent when compared to last month.
The real estate market needs your home! If you’ve been thinking about selling, give us a call to discuss a marketing plan for your listing. See how much your home is worth in today’s real estate market to help set the asking price correctly from the start.
🏘️ Wichita Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for Wichita. All homes here are priced at $172,597.