South Central Kansas MLS 170 W. Dewey, Wichita, KS 67202 www.sckrealtors.com November 14, 2019 South Central Kansas MLS Releases Home Sales Figures for October 2019 Homes sales in South Central Kansas fell by 2.0% in October compared to the prior year. Sales in October 2019 totaled 850 units, down from 867 in 2018. Among existing homes, 789 units sold in October, a decrease of 1.4% from 800 units that sold in 2018. The average sale price of existing homes was $163,624. This represents an increase of 3.5% from the October 2018 average price of $158,158. For new construction, 61 sales occurred in October, down from 67 units the prior year, a decrease of 9.0%. The average sale price of new homes in October was $294,022, down 2.7% from the same period last year. A total of 878 contracts for sale were written in October 2019, up from 800 in October 2018. This is an increase of 9.7%. Contracts written during the month reflect, in part, sales that are set to close in the near future. The inventory of active listings in South Central Kansas stood at 2,063 units at the end of October, which is down from 2,508 homes that were on the market at the end of October last year. At the current rate of sales, this figure represents 2.4 months' supply of homes on the market. For questions and/or comments, please contact South Central Kansas MLS President Dwyn Thudium at [email protected].
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South Central Kansas MLS · South Central Kansas MLS 170 W. Dewey, Wichita, KS 67202 November 14, 2019 South Central Kansas MLS Releases Home Sales Figures for October 2019
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South Central Kansas MLS170 W. Dewey, Wichita, KS 67202
www.sckrealtors.com
November 14, 2019
South Central Kansas MLS Releases Home Sales Figures for October 2019
Homes sales in South Central Kansas fell by 2.0% in October compared to the prior year. Sales in October
2019 totaled 850 units, down from 867 in 2018.
Among existing homes, 789 units sold in October, a decrease of 1.4% from 800 units that sold in 2018.
The average sale price of existing homes was $163,624. This represents an increase of 3.5% from the
October 2018 average price of $158,158.
For new construction, 61 sales occurred in October, down from 67 units the prior year, a decrease of
9.0%. The average sale price of new homes in October was $294,022, down 2.7% from the same period
last year.
A total of 878 contracts for sale were written in October 2019, up from 800 in October 2018. This is an
increase of 9.7%. Contracts written during the month reflect, in part, sales that are set to close in the
near future.
The inventory of active listings in South Central Kansas stood at 2,063 units at the end of October, which
is down from 2,508 homes that were on the market at the end of October last year. At the current rate
of sales, this figure represents 2.4 months' supply of homes on the market.
For questions and/or comments, please contact South Central Kansas MLS President Dwyn Thudium at
The total number of active listings in South Central Kansas at the end of October was 2,063 units, down from 2,508 at the same point in 2018. This represents a 2.4 months' supply of homes available for sale. The median list price of homes on the market at the end of October was $195,370.
During October, a total of 878 contracts were written up from 800 in October 2018. At the end of the month, there were 1,165 contracts pending, compared to 1,077 at the end of October 2018.
South Central Kansas Active Listings Down at End of October
Your Association Working for You!The South Central Kansas MLS statistical reports are one of the many benefits you receive from being a member of the REALTORS® of South Central Kansas. Through a partnership with the Kansas Association of REALTORS®, we will send you these reports each month to help you better serve your clients and promote your business.
• Three-Year Comparisons – Page 2
• Year-to-Date Statistics – Page 3
• Closed Listings Analysis – Page 4
• Active Listings Analysis – Page 8
• Months' Supply Analysis – Page 12
• New Listings Analysis – Page 13
• Contracts Written Analysis – Page 16
• Pending Contracts Analysis – Page 20
Contracts Written
Pending Contracts
Sales Volume (1,000s)
Total home sales in South Central Kansas fell last month to 850 units, compared to 867 units in October 2018. Total sales volume was $147.0 million, up from a year earlier.
The median sale price in October was $151,500, up from $145,000 a year earlier. Homes that sold in October were typically on the market for 17 days and sold for 99.5% of their list prices.
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 1 of 23
SOUTH CENTRAL KANSASMLS STATISTICS
THREE-YEAR COMPARISONS
Total Existing New Total Existing New Total Existing New
Sale Price 172,608 162,668 320,145 165,617 154,449 312,504 158,610 149,107 297,736 Change from prior year 4.2% 5.3% 2.4% 4.4% 3.6% 5.0% 0.7% 1.3% -0.5%
Days on Market 41 39 70 46 42 96 48 45 88 Change from prior year -10.3% -6.7% -27.2% -4.0% -6.6% 8.8% -10.8% -8.5% -22.6%
Percent of List 97.9% 97.6% 102.4% 97.8% 97.4% 101.7% 97.5% 97.2% 101.6% Change from prior year 0.1% 0.1% 0.7% 0.3% 0.3% 0.1% 0.1% 0.1% 0.3%
Percent of Original 96.1% 95.6% 103.1% 95.8% 95.3% 102.3% 95.3% 94.8% 102.1% Change from prior year 0.3% 0.4% 0.8% 0.6% 0.5% 0.2% 0.0% 0.0% 0.4%
Sale Price 153,000 145,000 282,677 145,000 138,000 277,816 139,000 132,500 263,974 Change from prior year 5.5% 5.1% 1.7% 4.3% 4.2% 5.2% 2.2% 1.9% 1.3%
Days on Market 15 15 4 19 19 22 21 21 20 Change from prior year -21.1% -21.1% -81.8% -9.5% -9.5% 10.0% -12.5% -12.5% -42.9%
Percent of List 99.5% 99.1% 100.0% 99.2% 98.8% 100.0% 99.1% 98.8% 100.0% Change from prior year 0.3% 0.3% 0.0% 0.1% 0.1% 0.0% 0.3% 0.3% 0.0%
Percent of Original 98.2% 97.8% 101.1% 97.9% 97.5% 100.7% 97.6% 97.2% 100.0% Change from prior year 0.3% 0.3% 0.4% 0.3% 0.3% 0.7% 0.1% 0.1% -0.1%
Year-to-Date Activity
By Property Type
20172019 2018
Home Sales Change from prior year
New Listings Change from prior year
Contracts Written Change from prior year
Sales Volume (1,000s) Change from prior year
Aver
age
Med
ian
YTD BREAKDOWNS BY HOME TYPEENTIRE MLS SYSTEM
AS OF 11/8/2019
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 3 of 23
SOUTH CENTRAL KANSASMLS STATISTICS
CLOSED LISTINGS ANALYSIS
Summary Statistics
for Closed Listings 2019 2018 Change 2019 2018 Change
850 867 -2.0% 8,968 8,874 1.1%
147,035 146,767 0.2% 1,547,773 1,469,683 5.3%
Sale Price 172,982 169,281 2.2% 172,608 165,617 4.2%
Days on Market 41 39 6.0% 41 46 -10.3%
Percent of List 97.9% 97.6% 0.4% 97.9% 97.8% 0.1%
Percent of Original 96.0% 95.8% 0.2% 96.1% 95.8% 0.3%
Sale Price 151,500 145,000 4.5% 153,000 145,000 5.5%
Days on Market 17 19 -10.5% 15 19 -21.1%
Percent of List 99.5% 99.1% 0.3% 99.5% 99.2% 0.3%
Percent of Original 98.1% 97.7% 0.4% 98.2% 97.9% 0.3%
Aver
age
Med
ian
October Year-to-Date
Closed Listings
Volume (1,000s)
A total of 850 homes sold in South Central Kansas in October, down from 867 units in October 2018. Total sales volume rose to $147.0 million compared to $146.8 million in the previous year.
The median sales price in October was $151,500, up 4.5% compared to the prior year. Median days on market was 17 days, up from 14 days in September, but down from 19 in October 2018.
ENTIRE MLS SYSTEMALL HOMES (NEW & EXISTING)
AS OF 11/8/2019
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 4 of 23
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 6 of 23
SOUTH CENTRAL KANSASMLS STATISTICS
30
40
50
60
70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201720182019
Days
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201720182019
Days
ACTIVE LISTINGS ANALYSIS
Summary Statistics
for Active Listings 2019 2018 Change
2,063 2,508 -17.7%
2.4 2.9 -17.5%
516,372 588,536 -12.3%
List Price 250,301 234,663 6.7%
Days on Market 88 91 -2.7%
Percent of Original 97.1% 97.1% -0.1%
List Price 195,370 177,900 9.8%
Days on Market 50 57 -12.3%
Percent of Original 100.0% 100.0% 0.0%
End of October
Active Listings
Volume (1,000s)
Aver
age
Med
ian
Months' Supply
A total of 2,063 homes were available for sale in South Central Kansas at the end of October. This represents a 2.4 months' supply of active listings.
The median list price of homes on the market at the end of October was $195,370, up 9.8% from 2018. The typical time on market for active listings was 50 days, down from 57 days a year earlier.
ENTIRE MLS SYSTEMALL HOMES (NEW & EXISTING)
AS OF 11/8/2019
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 8 of 23
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 12 of 23
SOUTH CENTRAL KANSASMLS STATISTICS
0.0
1.0
2.0
3.0
4.0
2015 2016 2017 2018 2019
Seasonally AdjustedActual Values
Months
2
2
3
3
3
3
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201720182019
Months
NEW LISTINGS ANALYSIS
Summary Statistics
for New Listings 2019 2018 ChangeNew Listings 1,005 1,195 -15.9%
Volume (1,000s) 184,548 218,157 -15.4%
Average List Price 183,630 182,558 0.6%
Median List Price 155,000 150,950 2.7%
New Listings 11,465 11,993 -4.4%
Volume (1,000s) 2,188,191 2,212,329 -1.1%
Average List Price 190,858 184,468 3.5%
Median List Price 159,900 154,900 3.2%
October
Curre
nt M
onth
YTD
A total of 1,005 new listings were added in South Central Kansas during October, down 15.9% from the same month in 2018. Year-to-date South Central Kansas has seen 11,465 new listings.
The median list price of these homes was $155,000 up from $150,950 in 2018.
ENTIRE MLS SYSTEMALL HOMES (NEW & EXISTING)
AS OF 11/8/2019
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 13 of 23
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 15 of 23
SOUTH CENTRAL KANSASMLS STATISTICS
140,000
160,000
180,000
200,000
220,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201720182019
Dollars
130,000
140,000
150,000
160,000
170,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201720182019
Dollars
CONTRACTS WRITTEN ANALYSIS
Summary Statistics
for Contracts Written 2019 2018 Change 2019 2018 Change
878 800 9.7% 9,377 9,052 3.6%
158,030 143,569 10.1% 1,675,286 1,573,772 6.5%
Sale Price 179,988 179,462 0.3% 178,659 173,859 2.8%
Days on Market 40 43 -7.6% 40 45 -9.8%
Percent of Original 97.1% 95.3% 1.9% 96.3% 95.9% 0.4%
Sale Price 159,900 154,900 3.2% 159,500 150,000 6.3%
Days on Market 18 19 -5.3% 14 19 -26.3%
Percent of Original 100.0% 97.2% 2.9% 98.6% 97.9% 0.7%
October Year-to-Date
Closed Listings
Volume (1,000s)
Aver
age
Med
ian
A total of 878 contracts for sale were written in South Central Kansas during the month of October, up from 800 in 2018. The median list price of these homes was $159,900, up from $154,900 the prior year.
Half of the homes that went under contract in October were on the market less than 18 days, compared to 19 days in October 2018.
ENTIRE MLS SYSTEMALL HOMES (NEW & EXISTING)
AS OF 11/8/2019
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 16 of 23
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 19 of 23
SOUTH CENTRAL KANSASMLS STATISTICS
30
40
50
60
70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 2018 2019
Days
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 2018 2019
Days
PENDING CONTRACTS ANALYSIS
Summary Statistics
for Active Listings 2019 2018 Change
1,165 1,077 8.2%
232,384 205,869 12.9%
List Price 199,471 191,150 4.4%
Days on Market 41 44 -7.3%
Percent of Original 98.0% 97.8% 0.3%
List Price 174,900 164,500 6.3%
Days on Market 12 20 -40.0%
Percent of Original 100.0% 100.0% 0.0%
End of October
Active Listings
Volume (1,000s)
Aver
age
Med
ian
A total of 1,165 listings in South Central Kansas had contracts pending at the end of October, up from 1,077 contracts pending at the end of October 2018.
Pending contracts reflect listings with a contract in place at the end of the month. In contrast, contracts written measures the number of listings put under contract during the month.
ENTIRE MLS SYSTEMALL HOMES (NEW & EXISTING)
AS OF 11/8/2019
Provided by the WSU Center for Real Estatewww.wichita.edu/realestate
Prepared on 11/8/2019 courtesy of the Kansas Association of REALTORS®using data from the South Central Kansas MLS. Page 20 of 23