Existing home sales increased 20.9% in June according to new figures released by the South Central Kansas MLS. Existing homes sales in June totaled 786, up from 650 units in May 2009.
The median sales price of existing homes in June increased .9% on a year over year basis. New home sales increased in June to 120 units which represents a 48.1 percent increase compared to May 2009. The June median sale price of new homes fell to $196,998 from $215,400 in May 2009.
Existing home inventory this month was up 2.1% with 3,545 homes in inventory compared to 3,471 last month. The existing home inventory this month is 1.5% higher than it was a year ago when the existing home inventory was 3,494.
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Source: The Wichita Area Association of REALTORS® and the South Central Kansas MLS
