March 23, 2017
Southeast Kansas Association of REALTORS® Home Sales for February 2017
Homes sales in Southeast Kansas fell by 25.4% in February compared to the prior year. Sales in February 2017 totaled 53 units, down from 71 in 2016. The average sale price was $80,512. This represents a decrease of 3.3% from the February 2016 average price of $83,242.
A total of 73 contracts for sale were written in February 2017, down from 83 in February 2016. This is a decrease of 12.0%. 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 755 units at the end of February, which is up from 671 homes that were on the market at the end of February last year. At the current rate of sales, this figure represents 14.2 months’ supply of homes on the market.
According to Amber Gregory, President of the Southeast Kansas Association of REALTORS®, “With January sales coming in well ahead of last year, and February sales dipping below, we’ve now leveled out in the first 2 months of the year. The Parsons area has performed the strongest, with sales up 24% for the year. Both Independence and Coffeyville are a bit off the pace, down 6% and 15% through the first 2 months of 2017. It’s still a bit early to see a sales trend in other areas like Allen and Bourbon Counties. In February, our members listed 150 new homes for sale, bringing the total of homes available in southeast Kansas to 790. Home Buyers have a great selection of homes to pick from!”
For questions and/or comments, please contact SEKAR President Amber Gregory at 620-330-1637 or firstname.lastname@example.org.