Topeka Area Housing Market Report | December 2016 Stats

Topeka Area Housing Market Report | December 2016 Stats

Topeka Area Home Sales Fell in December

Total home sales in the Topeka area fell last month to 224 units, compared to 240 units in December 2015. Total sales volume was $33.2 million, up from a year earlier.

The median sale price in December was $122,450, down from $125,000 a year earlier. Homes that sold in December were typically on the market for 23 days and sold for 98.0% of their list prices.

 

Topeka Area Active Listings Down at End of December

The total number of active listings in the Topeka area at the end of December was 678 units, down from 834 at the same point in 2015. This represents a 3.0 months’
supply of homes available for sale. The median list price of homes on the market at the end of December was $109,900.

During December, a total of 156 contracts were written down from 205 in December 2015. At the end of the month, there were 225 contracts pending, compared to 293 at the end of December 2015.

If you are think about buying or selling your home this year, I’d be happy to provide you with a list of homes that match your specific home buying criteria, or complete a full market evaluation for your home and determine what a buyer may pay for your home in today’s market.  Just give me a call.

Call John Ringgold – REALTOR® at (785) 806-2711 anytime!

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