Homes sales in South Central Kansas fell by 12.8% in April compared to the prior year. Sales in April 2020 totaled 782 units, down from 897 in 2019.
Among existing homes, 719 units sold in April, a decrease of 14.3% from 839 units that sold in 2019. The average sale price of existing homes was $165,877. This represents an increase of 9.3% from the April 2019 average price of $151,782. For new construction, 63 sales occurred in April, up from 58 units the prior year, an increase of 8.6%. The average sale price of new homes in April was $303,978, down 14.1% from the same period last year.
A total of 877 contracts for sale were written in April 2020, down from 1,091 in April 2019. This is a decrease of 19.6%. Contracts written during the month reflect, in part, sales that are set to close in the near future.
The inventory of active listings in South Central Kansas stood at 1,579 units at the end of April, which is down from 1,984 homes that were on the market at the end of April last year. At the current rate of sales, this figure represents 1.8 months' supply of homes on the market.