Low Inventory Creates Sellers Market in Kansas
In September the impacts of low inventory continued. The average days on the market were down from 2018. Home sales and sale prices were up compared to September 2018.
The housing supply was at 3.1 months, down from 3.3 in 2018. The months’ supply of homes is calculated by dividing the total number of active listings by the number of sales.
Given the state of the market, now is an opportune time to sell. Low inventories are driving costs up and days on the market down.
For more information, see “Kansas Housing Market Stats – September 2019” from the Kansas REALTORS®.