Topeka Housing Market Stats – June 2020

July 13, 2020

The buyers that sheltered-in-place during the spring months are out looking for homes. Very often they are competing and paying over full price for the best listings! Total sales are up 20.4% over last year and homes prices have increased 3.6% compared to the same time last year.

Listing inventory is down from 356 homes for sale last year to only 184 at the end of last month this year. That is a decrease of just over 48.3%. We are seeing homes still selling quickly with 55.2% 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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