Home sales in South Central Kansas fell by 1.0% in May compared to the prior year. Sales in May 2024 totaled 920 units, down from 929 in 2023.  

Among existing homes, 829 units sold in May, an increase of 2.2% from 811 units that sold in 2023. The average sale price of existing homes was $245,943. This represents an increase of 7.9% from the May 2023 average price of $228,012. 

For new construction, 91 sales occurred in May, down from 118 units the prior year, a decrease of 22.9%. The average sale price of new homes in May was $388,659, down 5.1% from the same period last year. 

A total of 872 contracts for sale were written in May 2024, down from 911 in May 2023. This is a decrease of 4.3%. 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 1,465 units at the end of May, which is up from 1,090 homes that were on the market at the end of May last year. At the current rate of sales, this figure represents 1.8 months' supply of homes on the market.