Wichita homes for sale...

In 2006 Wichita homes sales were 3% higher than in 2005. Starting 2007 the number of Wichita homes for sale was down 2.5% from 2006 and March 1, 2007 data showed Whichita homes for sale listings were down 5,5% from March, 2006. Whichita homes for sale inventories may increase in the next few months but the increased spring demand for housing should keep our Whichita homes for sale market very stable for the next few months.

The average of an existing Whichita homes for sale price sold in the first part of 2007 was $110,000. Over 850 existing Whichita homes for sale were listed and other 555 went under contract. Average days on the market for Whichita homes for sale were 70 with the average selling price at over 97% of the last listed price. West Wichita homes for sale were on the market an average of 42 days compared to 73 days for East Whichita homes for sale. Derby and SE Sedgwick County had Whichita homes for sale listings on the market an average of 93 days before contract. The average sale price of new Wichita homes for sale was over $205,000 for the first few months of 2007.

Wichita homes sales have actually grown every year since 2000. The low interest rates have been the main reason for this. Foreclosures and total listings on the Shichita homes for sale market have also increased leaving the metro area in a balance to the buyer's market. The Wichita homes for sale metro area's average price for a home is $101,000 with the average price of a new Whichita homes for sale is in the $160,000's. West Wichita offers everything the east side advertises, with more conveniente. Buyers have the choice of hundreds of beautiful Wichita homes for sale in any price range. The Center for Real Estate at Wichita State University has said the average Wichita homes for sale in the metro area saw a 3.7% increase in value per year for the last 5 years. This along with the steady job growth in the area is why the Wichita homes for sale market has been very stable. In fact, sales were up 4% in 2006.