September, 2012 Real Estate Update

 

Wichita, KS Metro area

 

The south Central Kansas MLS just released their August, 2012 Wichita, metro area homes sales Figures.

 

Existing home sales increased 5.1% between July and August and were 9.4% above a year over year basis.  The Average sales price of existing homes sold in august was $128,071 and the YTD average sales price was $123,251.

 

The average days on the market for the metro area YTD was 98 days with an average list to sales percentage of 96.2%. The highest list to sales are was SE suburban Sedgwick county with a percentage of 97.43% and the lowest area was Cowley County with a percentage of 93.79%.

 

New home sales in Aug were the same as July with 45 units closing.

 

Existing home inventory decreased to 3,827 homes in inventory compared to 3,939 last month.  Existing home inventory is also 5.6% lower that than the same month in 2011.  New home inventory is also down to 236 units.  That number is 32.2% less than a year ago.  There were 1098 homes under contract and waiting to close at the end of August

 

Months of inventory based on August sales are down to 5 months compared to 6.7 months in July.  1/3 of all listings are in the $100,000 to $160,000 price range.

 

43% of all sales last month were conventional loans, 29% were FHA & VA loans and 25% of all sales were cash.

 

Rates are continuing to stay low and should for the foreseeable future. 30 year fixed rate loans were at 3.625% and only moving up and down 1/8th a point.

 

Call Wayne or Kirk Short at 316-554-2831 to visit about the Wichita area real estate market.  Email me at shorty@realtor-shorty.com or visit our web sites at www.move2ks.com, www.realtor-shorty.com or www.wichita-homes.com.

 

 
Post is included in group: Running a Brokerage
Post is included in group: BuffiniandCompany Coaching, Living the Good Life!
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: Realtors®

0 Comments on Sept., 2012 real estate update for the Wichita, KS metro area
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Wayne_martha_from_awards_lunch Rainmaker_large

Wayne "SHORTY" Short

Wichita, KS

More about me…

RE/MAX Realty Professionals

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

Office Phone: (316) 722-0001 x 112

Email Me

Wichita, KS real estate and Economic news


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find KS real estate agents and Wichita real estate on ActiveRain.