Wichita, KS - Local Housing Data - Summary

Change location:

Region

State

City

Wichita, KS

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Wichita, KS Local News

New Home Closings and Prices in Wichita Climb According to Latest Figures

Posted on: Jul 06, 2014 07:39:37 AM

There was an increase in new home closings in the Wichita, KS market in March year-over-year, moving north after a drop in February 2014. New home closings saw a 9.1% jump from a year earlier to 36. This followed a 14.3% fall year-over-year in February.

A total of 554 new homes were sold during the 12 months that ended in March, up from 551 for the year that ended in February.

As a percentage of overall housing closings, new home closings made up 3.7% of overall housing closings. A year ago, new home closings made up 3.5%. Closings of new and existing homes gained year-over-year in March following a decline in February year-over-year.

Pricing and Mortgage Trends

The average per-unit price of newly sold homes grew year-over-year to $249,089 in March, up 5.7% from last year. This surge compares to a 4.5% drop in February from a year earlier.

There was a lift year-over-year in the average mortgage size on new homes along with new home prices. The average mortgage size saw a 2.7% hike year-over-year to $213,758 in March. In February 2014, average mortgage size on newly sold homes saw a 3.7% fall from a year earlier.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.