South Central Kansas MLS Releases Home Sales Figures for February 2022

Home sales in South Central Kansas fell by 6.2% in February compared to the prior year. Sales in
February 2022 totaled 636 units, down from 678 in 2021.

Among existing homes, 577 units sold in February, a decrease of 7.2% from 622 units that sold in 2021.
The average sale price of existing homes was $188,434. This represents an increase of 8.5% from the
February 2021 average price of $173,750.

For new construction, 59 sales occurred in February, up from 56 units the prior year, an increase of
5.4%. The average sale price of new homes in February was $351,911, down 0.6% from the same period
last year.

A total of 787 contracts for sale were written in February 2022, down from 812 in February 2021. 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 576 units at the end of February, which
is down from 733 homes that were on the market at the end of February last year. At the current rate of
sales, this figure represents 0.6 months' supply of homes on the market.