Home sales in South Central Kansas fell by 6.1% in August compared to the prior year. Sales in August 2024 totaled 895 units, down from 953 in 2023.  

Among existing homes, 811 units sold in August, a decrease of 5.6% from 859 units that sold in 2023. The average sale price of existing homes was $259,411. This represents an increase of 8.5% from the August 2023 average price of $239,002.  

For new construction, 84 sales occurred in August, down from 94 units the prior year, a decrease of 10.6%. The average sale price of new homes in August was $394,032, down 1.5% from the same period last year.  

A total of 841 contracts for sale were written in August 2024, down from 868 in August 2023. This is a decrease of 3.1%. Contracts written during the month reflect, in part, sales that are set to close in the near future.  

The inventory of active listings in South Central Kansas stood at 1,805 units at the end of August, which is up from 1,476 homes that were on the market at the end of August last year. At the current rate of sales, this figure represents 2.3 months' supply of homes on the market.