August 13, 2018
Southeast Kansas Association of REALTORS® Releases Home Sales Figures for July 2018
Homes sales in Southeast Kansas rose by 10.0% in July compared to the prior year. Sales in July 2018 totaled 88 units, up from 80 in 2017. The average sale price was $87,676. This represents an increase of 16.5% from the July 2017 average price of $75,247.
A total of 82 contracts for sale were written in July 2018, down from 86 in July 2017. This is a decrease of 4.7%. 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 709 units at the end of July, which is down from 752 homes that were on the market at the end of July last year. At the current rate of sales, this figure represents 8.1 months’ supply of homes on the market.
According to Julie Eisele, President of the Southeast Kansas Association of REALTORS®, “Southeast Kansas is made up of numerous local real estate markets, and each has its own trends. In Montgomery and Wilson counties home sales are up 12% over last year at nearly 300 homes sold. Home prices also vary from community to community. In 2018 the average sold price in Independence is $89,000, while in Parsons its $73,000. Homes in different price ranges can also take less (or more) time to sell. Area REALTORS® are well equipped to help you navigate through the many variables and complexities while buying or selling a home. REALTORS® also hold themselves to a standard beyond the law, called the Code of Ethics. Be sure that the real estate professional you choose to work with is a REALTOR®!”
The Southeast Kansas Association of REALTORS® represents approximately 160 real estate industry professionals who safeguard private property rights, and promote economic prosperity in the communities of Chanute, Coffeyville, Columbus, Erie, Ft Scott, Fredonia, Independence, Iola, Neodesha, Oswego, and Parsons.
For questions and/or comments, please contact SEKAR President Julie Eisele at 620-331-3350 or firstname.lastname@example.org.