Total home sales in the state of Kansas rose by 3.5% last month to 2,735 units, compared to 2,642 units in October 2012. Total sales volume was $461.7 million, up 12.2% from a year earlier.
The average sales price in October was $168,815, up from $155,774 a year earlier. Homes that sold in October were typically on the market for 76 days and sold for 96.2% of their list prices.
The total number of active listings in the state of Kansas at the end of October was 14,639 units, down from 15,532 at the same point in 2012. This represents a 5.5 months’ supply of homes available for sale.
During October, a total of 2,321 contracts were written down from 2,727 in October 2012. At the end of the month, there were 2,523 contracts pending, compared to 2,656 at the end of October 2012.
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