Topeka Housing Market Stats | March 2020

April 10, 2020

Even with the strange days we are living in during the last half of March and rolling into April, housing sales continue to push on in our market area! Total sales rose 18.2% over last year and homes prices have increased just over 30% compared to the same time last year. This is great news for sellers!

Listing inventory is down from 351 homes for sale last year to only 242 at the end of the month this year. That is a decrease of just over 31%. Even with stay-at-home orders we find that buyers are still buying homes, sometimes via just a video showing and 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!