Sales data for the Wichita Meto area. Our market is quite healthy compared to other markets across our nation. The Wichita Metro Area never experienced the huge down-turn like other markets across the USA. Our market has dropped slightly, but is still reasonably strong. This is a great time to take advantage of historic low interest rates!
1st four months Sales data for the Wichita, KS metro area.
Residential real estate sales for 1-1-10 to 4-30-10
Existing home sales increased 33.9% between March and April, 2010. The median sales price of homes increased 5.6% on a year over year basis. Sale YTD are 9% higher than a year ago.
Existing home inventory was down 2.4% compared to a month ago but home inventory is 11.6% higher than it was a year ago. There were 3,765 residential homes on the market the end of April, 2010 in the South Central MLS district. . There have been around 18% more homes listed in the 1st four months of 2010 compared to a year ago.
New home inventory is 35.2% lower than it was a year ago at this time. The average new home price in the 1st four months of 2010 was $242,733.
A "balanced Market" is when there is less than a 5-6 month supply of homes for sale. There was 4.6 months the end of April, 2010
The average sales price of all existing homes sold in the 1st four months of 2010 was $120,949. The Median price was $107,450 indicative of the large amount of 1st time buyers in the market taking advantage of the Federal Tax Credit. The Average Days on market for listings during this period was 81 days and the average list to sales price for the LAST time the property was listed was 96.46%.
Sold active residential sales in January were 354 units, February was 480 units, March was 695 units and April was 891 units in the Wichita, KS metro area for 2010.
Sales figures for various real estate franchises were: Based on data from the Wichita MLS, 2010
JPW was #1 in sales with 775 sales by their 300 agents who averaged 2.58 sales in the 1st 4 months
Prudential was #2 with 666 sales by their 271 agents who averaged 2.46 sales...........
RE/MAX was #3 in total sales of 462 by their 95 agents averaging 4.86 sales per associate...#1 in production per associate.
#4 was Coldwell banker with 426 sales by 115 agents averaging 3.7 sales per associate
#5 was Keller Williams selling 381 homes but needing 148 agents who averaged 2.57 homes per associate.