Southeast Kansas Association of REALTORS® Releases Home Sales Figures for April 2016
Homes sales in Southeast Kansas rose by 27.1% in April compared to the prior year. Sales in April 2016 totaled 75 units, up from 59 in 2015. The average sale price was $67,522. This represents a decrease of 14.7% from the April 2015 average price of $79,168.
A total of 54 contracts for sale were written in April 2016, down from 75 in April 2015. This is a decrease of 28.0%. Contracts written during the month reflect, in part, sales that will close in the near future.
The inventory of active listings in Southeast Kansas stood at 714 units at the end of April, which is down from 762 homes that were on the market at the end of April last year. At the current rate of sales, this figure represents 9.5 months’ supply of homes on the market.
According to Amber Gregory, President of the Southeast Kansas Association of REALTORS®, “The market is HOT, HOT, HOT right now, and of course as REALTORS® we hope to keep it that way! When changes take effect, it seems we are always a year or so behind the bigger cities, and that is the case again. Please take advantage of the low rates and get pre-approved today so we can help you purchase a home! We have lots of great lenders that are waiting to help everyone out, and we have a lot of inventory to choose from.”
For questions and/or comments, please contact SEKAR President Amber Gregory at 620-330-1637 or Amber@MyPropertyGroup.com.