That Sedgwick County monthly home sales experienced a year-over-year volume drop in January is not a new development, as a once-hot housing market has cooled in recent months. The median sale price decreasing compared to the previous year is. That’s what the latest South Central Kansas MLS data shows, with the median sale price moving down 2.6% year over year to $190,000. The county’s 388 homes sold came in 24.7% fewer than January 2022. While Sedgwick County didn’t see a single year-over-year median price drop in 2022, Stan Longhofer, Wichita State University Center for Real Estate director, said a one-month move like this does not mean a home-value depreciation trend is happening.
Source: Wichita Business Journal
