Here’s a look at the South Central Kansas Real Estate Market for March 2019. According to statistics from the REALTORS® of South Central Kansas, there’s a 8.8 percent drop in new listings this month. Read more about this month’s real estate market trends.
📈 A Look at South Central Kansas Stats
We started March 2019 with a median sale price of $142,000 for single-family homes. This number shows an increase of 5.9 percent from the $134,150 recorded this same time last year and an increase from last month’s $140,000. The average sale price for homes in this area is $157,430, which is up 3.9 percent from the beginning of March 2018.
There were 587 closed sales in February 2019, which shows a decrease of 2.3 percent from the 601 homes sold this time last year, but we see an increase from the 551 sold last month. We moved into March 2019 with 2,034 active listings for the South Central Kansas area. This number shows a
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💵 What does this mean for buyers?
South Central Kansas recorded 857 new listings for February, which shows an 8.8 percent drop from the 940 seen this time last year. There were 1,143 pending contracts and 798 contracts written during February. In contrast to last month, pending contacts dropped slightly and written contracts increased.
The number of new homes being added to the market slipped by 8.8 percent last month. Because competition for new homes continues to be fierce, it’s a good idea to keep track of homes as soon as they hit the market.
💲 What does this mean for sellers?
South Central Kansas single-family resident home sellers are receiving 97.3 percent of their listing price with an average of 60 days on the market.
With the demand for homes so high and inventory at a minimum, it’s the perfect time to place your home on the market. Make sure you price it correctly the first time by getting an accurate home value estimation.
🏘️ 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 $157,430.