The South Central Kansas MLS releases the December Wichita-area home sales figures.
January 16, 2013
The South Central Kansas MLS releases the December Wichita-area home sales figures.
Existing home sales decreased 7.2% between November and December according to the latest figures released by the
South Central Kansas MLS, but increased by 2.1% on a year over year basis. Existing homes sales in December totaled
591, down from 637 units in November. The median sales price of existing homes in December decreased 6.3% compared
... to November, and decreased 0.5% on a year over year basis.
New home sales in December increased from November with 39 units sold. The December median sale price of new
homes increased to $251,352 from $214,750 in November and is 31% higher than one year ago.
Existing home inventory this month decreased to 3,162 homes in inventory compared to 3,369 last month. The existing
home inventory this month is 6.3% lower than it was a year ago when the existing home inventory was 3,374.
New home inventory increased this month with 272 homes in inventory compared to 259 new homes on the market last
month. The new home inventory is 15.3% lower than it was a year ago at this time when there were 321 new homes on
the market.
New and existing home inventory combined was 3,434 homes this month compared to 3,628 last month representing a
5.3% decrease in the past month. One year ago the combined inventory was 3,695 which represents 7.1% decrease in total
inventory over the past year.
Months of Inventory is determined by taking the inventory and dividing it by the number of sales. A “balanced market” is
considered to be a 5-6 month supply. If the supply exceeds 6 months, the market begins to favor buyers. When the
supply is less than 5 months, the market tends to favor sellers. Months of inventory for existing homes increased to 5.4 in
December, indicating a balanced market. Months of inventory for new homes decreased this month to 7.0 months of
inventory.
Call me for an up to date report for your area.
Crystie Macormac
Realty World
Broker Associate-S.R.E.S.
316-990-5944
The South Central Kansas MLS releases the December Wichita-area home sales figures.
Existing home sales decreased 7.2% between November and December according to the latest figures released by the
South Central Kansas MLS, but increased by 2.1% on a year over year basis. Existing homes sales in December totaled
591, down from 637 units in November. The median sales price of existing homes in December decreased 6.3% compared
... to November, and decreased 0.5% on a year over year basis.
New home sales in December increased from November with 39 units sold. The December median sale price of new
homes increased to $251,352 from $214,750 in November and is 31% higher than one year ago.
Existing home inventory this month decreased to 3,162 homes in inventory compared to 3,369 last month. The existing
home inventory this month is 6.3% lower than it was a year ago when the existing home inventory was 3,374.
New home inventory increased this month with 272 homes in inventory compared to 259 new homes on the market last
month. The new home inventory is 15.3% lower than it was a year ago at this time when there were 321 new homes on
the market.
New and existing home inventory combined was 3,434 homes this month compared to 3,628 last month representing a
5.3% decrease in the past month. One year ago the combined inventory was 3,695 which represents 7.1% decrease in total
inventory over the past year.
Months of Inventory is determined by taking the inventory and dividing it by the number of sales. A “balanced market” is
considered to be a 5-6 month supply. If the supply exceeds 6 months, the market begins to favor buyers. When the
supply is less than 5 months, the market tends to favor sellers. Months of inventory for existing homes increased to 5.4 in
December, indicating a balanced market. Months of inventory for new homes decreased this month to 7.0 months of
inventory.
Call me for an up to date report for your area.
Crystie Macormac
Realty World
Broker Associate-S.R.E.S.
316-990-5944
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