September 2020 market still short on inventory

Total home sales in the Mid-Kansas region rose by 14.8% last month to 155 units, compared to 135 units in September 2019. Total sales volume was $23.4 million, up 32.6% from a year earlier.
The median sale price in September was $127,500, up from $127,000 a year earlier. Homes that sold in September were typically on the market for 64 days and sold for 99.3% of their list prices.
The total number of active listings in the Mid-Kansas region at the end of September was 307 units, down from 537 at the same point in 2019. This represents a 2.3 months’ supply of homes available for sale.
Reno County is down to a 1.6 month’s supply of available homes.
The median list price of homes on the market at the end of September was $116,000. During September, a total of 128 contracts were written up from 119 in September 2019. At the end of the month, there were 197 contracts pending, compared to 184 at the end of September 2019.