Kansas Home Sales Post Monthly and Yearly Gains

April 6, 2012 (Shirley Allen)

Monthly and yearly sales of existing single-family homes and condominiums improved from January to February in Kansas while home prices fell slightly from last month and last year according to the latest housing data from the Kansas Association of Realtors® (KAR).

An estimated total of 1,840 existing single-family homes and condos were sold in the Sunflower State in February. That was 14.4 percent higher than the 1,609 homes sold in January and 18.6 percent higher than the 1,551 homes sold in February 2011.

The median sales price for an existing home in Kansas fell by 0.8 percent in February to $119,000, down from $120,000 in both January and February of last year.

John Brocker , president of KAR, stated, “The mild winter has helped the spring selling season get off to a good start. Along with the good sales figures, pending sales were up more than 25 percent in February.”

The good weather and the beginning of the spring selling season increased the total number of homes actively available for sale in February to 16,392. That’s up from 16,090 in January but down from 17,577 in February of 2011.

The state had an average 8.9 months supply of homes available for purchase in February, down from a 10.0 months supply in January and from an 11.7 months supply a year earlier.

Homes typically took an average of 114 days to sell in February compared to an average of 78 days in January and 110 days in February of last year.

Tags: existing homes, condos, sales, median home prices, Kansas

Source:
KAR