Southeast Kansas Association of Realtors®
June 8, 2018
Southeast Kansas Association of REALTORS® Releases Home Sales Figures for May 2018
Homes sales in Southeast Kansas fell by 12.4% in May compared to the prior year. Sales in May 2018 totaled 99 units, down from 113 in 2017. The average sale price was $80,298. This represents an increase of 2.3% from the May 2017 average price of $78,496.
A total of 96 contracts for sale were written in May 2018, up from 82 in May 2017. This is an increase of 17.1%. 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 716 units at the end of May, which is down from 748 homes that were on the market at the end of May last year. At the current rate of sales, this figure represents 7.2 months’ supply of homes on the market.
According to Julie Eisele, President of the Southeast Kansas Association of REALTORS®, “Southeast Kansas home sales were down throughout the region in May, although home sales remain up 2% through the first 5 months of 2018. REALTORS® have sold 416 homes in Southeast Kansas this year, with a median (half for more & half for less) number of days on the market at 87, while the median sales price compared to the asking price sits at 94.2%. Much of the nation is dealing with a shortage of available homes for sale, and in Southeast Kansas we’re seeing a bit of everything with limited supply in certain price ranges and an abundance in others. If you’re thinking of buying or selling, it pays to work with a real estate professional who can help you to understand and navigate through the complexities of the market.”
For questions and/or comments, please contact SEKAR President Julie Eisele at 620-331-3350 or firstname.lastname@example.org.