… while Wichita’s homebuilders and residential real-estate market are not immune to inflation and supply chain headwinds — the local market is not in dire shape, according to Wess Galyon, Wichita Area Builders Association president and CEO. “We don’t see a sharp downturn coming anytime soon,” he said. According to the latest data from South Central Kansas MLS, in July, Sedgwick County experienced a 19.9% year-over-year drop in closed listings (713 for the month). That followed a 10.6% year-over-year drop in closed listings the prior month. But even with that move, Galyon said a slowdown in Wichita would not be to the degree seen in much larger markets in the U.S.
Source: Wichita Business Journal
