Wichita Area Home Sales Declining
Save Email Print
Bookmark and Share
Updated: 8:27 PM Apr 28, 2008
Wichita Area Home Sales Declining
Existing home sales in Wichita are on the decline while the median sale price has increased.
Posted: 10:31 AM Apr 28, 2008
Email Address: news@kake.com
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

Existing home sales declined by 11.74 percent in the first quarter of 2008 according to new figures released by the South Central Kansas
Multiple Listing Service (MLS). Existing home sales in the first quarter totaled 1,819 units, down from 2,061 units in the first quarter of 2007.

At the same time, the median sale price of existing homes in the first quarter was $95,000, up 5.56 percent from the same period last year.

New home sales also fell in the first quarter, totaling 355 units, a drop of 11.69 percent compared to the first quarter of 2007. The median sale
price of new homes continued to rise, however, up 13.66 percent from the prior year to $192,400.

"Although sales were off in the first quarter, the inventory of homes available for sale remains fairly tight, in contrast to the problems seen in
other parts of the country," Chief Executive Officer of the Wichita Area Association of Realtors, Laura Raudonis said.
More Stories
Twitter News Feed
    KAKE-TV on Facebook
    KAKE Most Popular / Most Discussed
    Extras
    30 Days
    Click here to go to KAKEland’s "30 Prizes In 30 Days" page.
    Winter Guide
    Cool ideas to keep you warm this winter!
    Health Connect
    Click here for health resources from local medical providers.
    KAKE DVD Collection
    Click here to order KAKE DVD's including "Honor Flight", "Santa's Workshop" and more.
    First United Methodist Church
    Click here to watch live Sunday services.
    Papa John's Pro Football Pick'em
    CLICK HERE to play KAKEland's Pro Football Online game.