Tight housing market not easing up, according to new data, WSU expert

While some national headlines are indicating improvements in housing supply, it could be some time before considerable progress is seen in the Wichita metro area, says one real estate expert who is supported by new data. According to Realtor.com data, U.S. inventory in April was 12% lower than April 2021, the smallest year-over-year decrease since the end of 2019. But Stan Longhofer, director of Wichita State University’s Center for Real Estate, said it is important to understand that movements in national metrics do not mean those changes are seen in everyone’s own region — and that’s the case with Wichita and the surrounding area.
Source: Wichita Business Journal