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Home Sales Decline from a Year Ago

– Home sales in the mid-Kansas area declined by 13.5% during April compared to a year ago, with some areas seeing more inventory on the market while others have much less according to a report from Prairie Land REALTORS® and their Mid-Kansas Multiple Listing Service.

In the Mid-Kansas MLS area 141 homes sold during April, with the average sales price of $152,350 up 3.5% from last year, though the median sales price of $127,000 was off 2.3%. The average home was on the market 63 days region-wide with 156 active listings as of April 30

, or about a one-month supply.

The MLS report also breaks down specific data for three areas in their territory. In Reno County, 73 homes sold in April, down 5.2% from April 2021, with an average sales price of $176,258 and a median price of $148,500, both up from last year. The average home in Reno County was on the market for 50 days, with 72 active listings at month’s end, or a one-month supply. Those homes had a medial list price of $132,500.

In the McPherson area, which covers MLS sales in McPherson and Marion counties, the inventory situation is much tighter with only 24 active listings as of April 30th, or about an 18-day supply. The average sales price in the McPherson area was $144,574, down 13% from a year ago, with the $127,000 median price off 24.7%. The average home was on the market for 62 days.

In the Pratt area, including Pratt County and Barber County MLS sales, just 11 homes told with the average sales price of $103,909 off 15% from the prior year, with the average home on the market for 136 days. The Pratt area had 29 active listing at the end of April, working out to about a two-month inventory.