Market snapshot May 2020


Total home sales in the Mid-Kansas region fell last month to 132 units, compared to 146 units in May 2019. Total sales volume was $16.9 million, down from a year earlier. The median sale price in May was $120,500, up from $107,250 a year earlier. Homes that sold in May were typically on the market for 66 days and sold for 97.4% of their list prices.
The total number of active listings in the Mid-Kansas region at the end of May was 422 units, down from 528 at the same point in 2019. This represents a 3.4 months’ supply of homes available for sale. The median list price of homes on the market at the end of May was $115,000.
During May, a total of 166 contracts were written up from 143 in May 2019. At the end of the month, there were 206 contracts pending, compared to 176 at the end of May 2019.