Southeast Kansas Association of REALTORS® Releases Home Sales Figures for October 2016
Homes sales in Southeast Kansas fell by 12.8% in October compared to the prior year. Sales in October 2016 totaled 68 units, down from 78 in 2015. The average sale price was $77,586. This represents a decrease of 16.0% from the October 2015 average price of $92,369.
A complete statistical report for southeast Kansas is available at https://goo.gl/mpNuwO.
A total of 52 contracts for sale were written in October 2016, down from 56 in October 2015. This is a decrease of 7.1%. 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 737 units at the end of October, which is down from 755 homes that were on the market at the end of October last year. At the current rate of sales, this figure represents 10.8 months’ supply of homes on the market.
According to Amber Gregory, President of the Southeast Kansas Association of REALTORS®, “Despite the slight blip in sales in October, home sales in southeast Kansas remain up 4% for the year. The market in southeast Kansas is trending similar to other areas of the state. Home sales in Kansas are predicted to grow 6% in 2017.”
For questions and/or comments, please contact SEKAR President Amber Gregory at 620-330-1637 or AmberGregory@KW.com.