Wichita Kansas Area Home Sales Are...Not too Shabby!!

By
Real Estate Sales Representative with Realty world Alliance

Wichita Kansas Area Home Sales Are...Not too Shabby! 

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While the rest of the country continues to run screaming from the tragic real estate sales figures; Wichita, Kansas and the surrounding areas are "holding their own". 

Here are the stats for August 2011:

  • Existing home Sales increased by 2.6% from July
  • Exisitng home Sales are up 32.2% from last year at this time
  • New homes sales decreased by 19.9% year over year
  • New Home inventory is 32.3% lower than a year ago
  • New and Existing home combined inventory is 9.9% lower than a year ago

"What's it all mean?!" you ask?...Well, its good! Check this out:

  • 18 more families are enjoying their recent home purchase this month than last month
  • 56 more families are celebrating in their recently purchased home this year than last year at this time
  • There are fewer Buyers for New construction and custom homes
  • There are fewer new constrcution homes available
  • If not another home were listed, we only have enough homes available for 5.8 months.  A "balanced market" in our area is 5-6 months worth of inventory. 

This is good news for The Greater Wichita area.  We have seen only a small decline (average) in property values over the last 24 months.  Less than 2% -

and in some areas, we have seen inreases of 1.5%. 

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Looking to buy or sell?  Seriously now is the time!  Interest rates rock!, the market is good and great things are on the horizon for our area. 

 

 

 

 

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