"Wichita's median listing price dropped to $257,498 in March - a 6.4% decline year-over-year, more than triple the national drop of 2.1%. That's still well below the national median of $416,000, so affordability remains a real advantage here."
"Even with more homes available, buyers in Wichita weren't dragging their feet. The typical home sold in 44 days in March - a 4.3% drop from the year before, while the national median crept up to 57 days."
Wichita's real estate market has seen an increase in active listings, with 852 homes available in March, a 7.9% rise year-over-year. The median listing price dropped to $257,498, a 6.4% decline, making it more affordable than the national median. Sellers who priced their homes realistically experienced success, as fewer listings required price cuts. Homes sold faster, averaging 44 days on the market, indicating strong buyer activity despite increased inventory. Accurate pricing and presentation are crucial for sellers in this competitive environment.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]