Little inventory in local markets - January 2021

Total home sales in the Mid-Kansas region rose by 20.9% last month to 81 units, compared to 67 units in January 2020. Total sales volume was $10.4 million, up 8.8% from a year earlier.
The median sale price in January was $125,000, up from $115,000 a year earlier. Homes that sold in January were typically on the market for 75 days and sold for 98.5% of their list prices.

The total number of active listings in the Mid-Kansas region at the end of January was 199 units, down from 504 at the same point in 2020. This represents a 1.4 months’ supply of homes available for sale. In Reno County supply is less than 1 month.