Topeka Housing Market Stats | April 2020

May 12, 2020

These have been strange times we have been living in during the last half of March and through the month of April, homes continue to sell in our market area! Total sales dropped on 22 units over last year and homes values have increased 3.1% compared to the same time last year. This is great news for home sellers!

Listing inventory is down from 335 homes for sale last year to only 218 at the end of the month this year. That is a decrease of just over 34.9%. Surprisingly 53% of the new listing coming on the market are selling in less than 10 days! With the lowest interest rates in years, it’s a great time to buy, and with anxious buyers and limited inventory, it’s a great time to sell!

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