Wichita State University’s Center for Real Estate is forecasting that Kansas home values will continue to appreciate in 2024. The forecast was released Thursday by CRE director, Dr. Stan Longhofer. He said the inventory of homes available for sale is very limited, and as a result the market still favors sellers despite the softening of demand due to higher mortgage rates. Longhofer presented the forecast in Manhattan to the Kansas Association of Realtors Annual Conference. It calls for home sales to fall slightly in Wichita and remain flat statewide next year, and new home construction activity is also expected to be down.
Source: 101.3 KFDI
