
November, 2009 MLS activity
Report for the Wichita, KS Metro area
November 11, 2009 WAAR reported October home sales for the Wichita Metro area.
Existing home sales/closings increased 11% over the previous month and were up 1% over October, 2008. The median sales price of homes in October was 1.9% above the October, 2008 figure.
New home sales were up 8% compared to the previous month of September, 2009.
Existing home inventory was down relative to September, 2009 but was 3.4% higher than a year ago. New home inventory is 24.1% from a year ago.
YTD sales are down 18% compared to the same period in 2008 and down 30% compared to the same period in 2007.
YTD average sales price of existing homes was $120,222 and new homes was $241,497. Average days on the market for all existing homes in all areas and price ranges were 64 days at 96.69% of last list price. YTD over 7,000 homes have been sold in the Wichita metro area.
Absorption rates of homes or
Months of inventory in specific price ranges
There is a large variance in inventory levels and absorption rates at various price points. The lower price points are showing a buyer’s market with limited inventory of quality homes. The mid price points appear to be balanced and the mid-upper and upper price ranges have a surplus of homes on the market and this is defiantly a buyer’s market.
Price range Months of inventory based on October, 2009 closings
Under $100,000 1.83 months of homes
$100,000 to $139,999 2.96 months
$140,000 to $199,999 4.86 months
$200,000 to $299,999 8.15 months
$300,000 to $499,999 11.97 month
$500,000 to $999,999 34 months
$1,000,000 and up 29 months
Report for the Wichita, KS Metro area
November 11, 2009 WAAR reported October home sales for the Wichita Metro area.
Existing home sales/closings increased 11% over the previous month and were up 1% over October, 2008. The median sales price of homes in October was 1.9% above the October, 2008 figure.
New home sales were up 8% compared to the previous month of September, 2009.
Existing home inventory was down relative to September, 2009 but was 3.4% higher than a year ago. New home inventory is 24.1% from a year ago.
YTD sales are down 18% compared to the same period in 2008 and down 30% compared to the same period in 2007.
YTD average sales price of existing homes was $120,222 and new homes was $241,497. Average days on the market for all existing homes in all areas and price ranges were 64 days at 96.69% of last list price. YTD over 7,000 homes have been sold in the Wichita metro area.
Absorption rates of homes or
Months of inventory in specific price ranges
There is a large variance in inventory levels and absorption rates at various price points. The lower price points are showing a buyer’s market with limited inventory of quality homes. The mid price points appear to be balanced and the mid-upper and upper price ranges have a surplus of homes on the market and this is defiantly a buyer’s market.
Price range Months of inventory based on October, 2009 closings
Under $100,000 1.83 months of homes
$100,000 to $139,999 2.96 months
$140,000 to $199,999 4.86 months
$200,000 to $299,999 8.15 months
$300,000 to $499,999 11.97 month
$500,000 to $999,999 34 months
$1,000,000 and up 29 months





