Southeast Kansas Association of Realtors®
December 21, 2018
Southeast Kansas Association of REALTORS® Releases Home Sales Figures for November 2018
Homes sales in Southeast Kansas rose by 22.2% in November compared to the prior year. Sales in November 2018 totaled 77 units, up from 63 in 2017. The average sale price was $79,471. This represents a decrease of 8.5% from the November 2017 average price of $86,894.
A total of 62 contracts for sale were written in November 2018, essentially the same as November 2017. 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 699 units at the end of November, which is down from 783 homes that were on the market at the end of November last year. At the current rate of sales, this figure represents 8.3 months’ supply of homes on the market.
According to Julie Eisele, President of the Southeast Kansas Association of REALTORS®, “November home sales were strong across the entire region. We saw double digit gains in Parsons (+62%), Independence (+20%), and Coffeyville (+13%). Through November homes sales hit 943 units (up 5%), topping $76 million (up 7%). Southeast Kansas has seen a steady increase in home sales for several years following the great recession, and we’re excited about 2019. For help with your home buying and selling questions, contact a REALTOR® today.”
For questions and/or comments, please contact SEKAR President Julie Eisele at 620-331-3350 or firstname.lastname@example.org.