Homes sales in Labette and Neosho counties rose by 55.6 percent in May compared to the prior year. Sales in May 2017 totaled 28 units, up from 18 in 2016. The average sale price was $73,894. This represents a decrease of 11.3 percent from the May 2016 average price of $83,328. 

A total of 20 contracts for sale were written in May 2017, down from 22 in May 2016. This is a decrease of 9.1 percent. Contracts written during the month reflect, in part, sales that will close in the near future. 

The inventory of active listings in Labette and Neosho counties stood at 187 units at the end of May, which is up from 185 homes that were on the market at the end of May last year. At the current rate of sales, this figure represents 6.7 months’ supply of homes on the market.

According to Kylie Smith, director for the Parsons Council of the Southeast Kansas Association of Realtors, “It’s definitely a great time to buy in Labette County. Property values are down, and buyers have an opportunity to take advantage of lower prices before the market changes.”

In Southeast Kansas, home sales rose by 85 percent in May compared with May 2016, according to the Southeast Kansas Association of Realtors.

Sales in May 2017 totaled 111 units, up from 60 in 2016. The average sale price was $79,415. This represents an increase of 6.1 percent from the May 2016 average price of $74,852.

A total of 86 contracts for sale were written in May 2017, up from 83 in May 2016. This is an increase of 3.6 percent. Contracts written during the month reflect, in part, sales that will close soon.

The inventory of active listings in Southeast Kansas stood at 747 units at the end of May, which is up from 730 homes that were on the market at the end of May last year. At the current rate of sales, this figure represents 6.7 months’ supply of homes on the market.

According to Amber Gregory, president of the Southeast Kansas Association of Realtors, “Areas in and around Coffeyville, Independence, Parsons and Bourbon County all showed strong gains, while Allen County sales were down. Through the first five months of this year, overall Southeast Kansas home sales totaled 404 units, as compared to 333 last year, which is up 21 percent. Home values are holding steady with the median sale price at just over $60,000 (half sold for less, and half sold for more).”  

 Members of the Southeast Kansas Association of Realtors represent home sellers and buyers in 11 SEK counties, covering 6,000 square miles with a population of over 134,000 people. Communities include Independence, Coffeyville, Chanute, Iola, Parsons and Fort Scott.

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