Total home sales in the Mid-Kansas region rose by 4.6% last month to 114 units, compared to 109 units in March 2016. Total sales volume was $12.7 million, up 0.5% from a year earlier.
The median sale price in March was $94,000, down from $105,000 a year earlier. Homes that sold in March were typically on the market for 91 days and sold for 98.0% of their list prices.
The total number of active listings in the Mid-Kansas region at the end of March was 532 units, down from 556 at the same point in 2016. This represents a 4.7 months’ supply of homes available for sale. The median list price of homes on the market at the end of March was $119,900.
During March, a total of 135 contracts were written up from 129 in March 2016. At the end of the month, there were 162 contracts pending, compared to 155 at the end of March 2016.