Existing home sales increased 11% last month according to the October figures released by the South Central Kansas MLS. Existing homes sales in October totaled 746, up from 672 units in September 2009. The median sales price of existing homes in October increased 1.9% on a year over year basis.
New home sales increased in October to 94 units, which represents a 8.0% increase compared to September 2009. The October median sale price of new homes decreased to $165,087 from $168,000 in September 2009.
Existing home inventory this month was down 3.5% with 3,327 homes in inventory compared to 3,446 last month. The existing home inventory this month is 3.4% higher than it was a year ago when the existing home inventory was 3,217.
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Source: Wichita Area Association of REALTORS® and the South Central Kansas MLS
