Homes sales in Southeast Kansas rose by 10.5% in June compared to the prior year. Sales in June 2017 totaled 95 units, up from 86 in 2016. The average sale price was $96,017. This represents an increase of 15.1% from the June 2016 average price of $83,397.
A total of 93 contracts for sale were written in June 2017, up from 78 in June 2016. This is an increase of 19.2%. 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 751 units at the end of June, which is up from 711 homes that were on the market at the end of June last year. At the current rate of sales, this figure represents 7.9 months’ supply of homes on the market.
According to Amber Gregory, President of the Southeast Kansas Association of REALTORS®, “This may have been the strongest June that the SE Kansas housing market has had. And it’s really been a great year so far. We ended June up nearly 20%, with 500 homes sold and just over $40 million in sales volume. The median (midpoint) days on market is down just a bit at 77 days.”
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.
Gregory added, “Each of our area communities have their own market trends, and it’s important to work with a local real estate agent who knows the market inside and out.”
For questions and/or comments, please contact SEKAR President Amber Gregory at 620-330-1637 or email@example.com.