View the Comprehensive Statistical Report for Southeast Kansas.
Sales in July 2016 totaled 75 units, down from 86 in 2015. The average sale price was $91,717. This represents a decrease of 0.6% from the July 2015 average price of $92,297.
A total of 64 contracts for sale were written in July 2016, down from 84 in July 2015. This is a decrease of 23.8%. 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 754 units at the end of July, which is down from 781 homes that were on the market at the end of July last year. At the current rate of sales, this figure represents 10.1 months’ supply of homes on the market.
According to Amber Gregory, President of the Southeast Kansas Association of REALTORS®, “With 482 homes sold in SE Kansas through the end of July, we’re just ahead (+3.4%) of the pace set last year. That’s pretty good considering we had double digit gains last year. Based on the $38 million in home sales volume this year, home prices are holding steady with a median sold price of $65,000. The amount of time for a home to go under contract (median days on market) stands at 81 days, a tiny bit slower than last year’s 79 days, and 75 days two years ago.”
Members of the Southeast Kansas Association of REALTORS® represent home sellers and buyers throughout 11 counties in SE Kansas, covering over 6,000 square miles with a population of over 134,000 people. Some communities included are Independence, Coffeyville, Chanute, Iola, Parsons, and Fort Scott.
For questions and/or comments, please contact SEKAR President Amber Gregory at 620-330-1637 or Amber@MyPropertyGroup.com.