Wichita, KS real estate update, January 2011 - 01/06/11 12:17 PM
Real Estate report for January, 2011
Wichita, KS metro area.
 
Data supplied below provided by the South Central Kansas MLS:
 
The median sales price of existing homes in November increased 3.8% compared to October but deceased 1.3% on a year over year basis.
While existing home inventory dropped 5.5% last month, it is up 18.7% from a year ago.  New home inventory is down 19.7% from a year ago.
Months of inventory still indicates a buyer's market.  A balanced market shows inventory at a 3-5 month level and last month's level was 7.8 months.  This was a slight drop … (0 comments)

 
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Wayne "SHORTY" Short

Wichita, KS

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RE/MAX Realty Professionals

Address: 10100 W. Maple, Wichita, KS, 67209

Office Phone: (316) 722-0001 x 112

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