Shawnee County Home Sales Fell in January

Total homes sales in Shawnee County last month fell to 131 units, compared to 179 units in January 2022, Total sales volume was $22.2 million, down from a year earlier.

The median sale price in January was $147,000, down from $150,000 a year earlier. Homes that sold in January were typically on the market for 9 days and sold for 100.0% of their list prices.

Shawnee County Active Listings Up at End of January

The total number of active listings in Shawnee County at the end of January was 107 units, up from 75 at the same point in 2022. This represents a 0.5 months' supply of homes available for sale. The median list price of homes on the market at the end of January was $252,500.

During January, a total of 159 contracts were written up from 154 in January 2022. At the end of the month, there were 155 contracts still pending.

 Shawnee County Home Sales Fell in December Total home sales in Shawnee County fell last month to 151 units, compared to 207 units in December 2021. Total sales volume was $27.8 million, down from a year earlier.  

There is fear from home sellers that real estate prices may dip in the coming months.  It will take ALOT more that the few percent we might see here in the Topeka Kansas area to undo the record appreciation we’ve experienced over the past couple of years!

Take a look at how much a home price would need to fall to cancel out the recent equity gained!

Well...... we knew it was coming..... The interest rates have started to increase again after many weeks in decline. Also, wow check out those year end numbers!!!

Some headlines intentionally paint today’s real estate market as doom-and-gloom - but when you take a step back and look at the numbers you can see that the historical data tells a different story.

Take a look at the bigger picture of where we are in regard to Homeowner Equity, Foreclosures, and Inventory.

New listings are coming on the market everyday and homes are going under contract. 

What's happening with Topeka real estate?

In fact, as we look specifically at Topeka real estate numbers, here we are nearing mid-December and in the past seven days 81 homes were newly listed for sale in our MLS.

Additonally, 51 homes went under contract!

We are no longer seeing a flood of buyers competing for a limited number of homes causing multiple offer situations.  This gives buyer more of an opportunity to get their dream home under contract when they find it!

Whie we have seen some properties pop up that have been foreclosed in our area, they sure are far and few between.

What to remember....

Just because the national headlines use scare tactics to get your attention, trust Team Ringgold as your LOCAL real estate information source and don't believe all the doom and gloom the national media is trying to get you to believe!

Todays market update shows a downturn in mortgage rates for both 30 & 15 year loans! We cover market stats from the Northeast Kansas region paying special attention to mortgage rates, numbers for our current active listings & homes under contract, as well as a spotlight on stats by school district in Shawnee Co. Kansas! Want to know more? Get all the details in the video!

Shawnee County Home Sales Fell in October

Total home sales in Shawnee County fell last month to 188 units, compared to 232 units in October 2021. Total sales volume was $38.3 million, down from a year earlier. The median sale price in October was $171,000, down from $173,800 a year earlier. Homes that sold in October were typically on the market for 4 days and sold for 100.0% of their list price.

Today's market is showing an increase in the days homes are sitting on market in most school districts. With the market seeing higher days on the market & interest rates trending upwards, many think it's not the time to buy a home. However, many more are making the move to home ownership.

Shawnee County Home Sales Fell in September

Total home sales in Shawnee County fell last month to 232 units, compared to 277 units in September 2021. Total sales volume was $46.6 million, down from a year earlier. The median sale price in September was $178,006, up from $163,900 a year earlier.

Shawnee County Home Sales Fell in July

Total home sales in Shawnee County fell last month to 268 units, compared to 289 units in July 2021. Total sales volume was $58.1 million, up from a year earlier.