"In December, Wichita's active listing count impressively climbed by 13.7% year-over-year, reaching 998 homes on the market. This remarkable increase surpassed the national average gain of 12.1%. Notably, the number of newly listed homes in Wichita fell by 8.3% compared to the previous year, hinting at a tightening supply of fresh inventory amid the overall growth in active listings. This dynamic revealed that while a greater selection of homes was available compared to last year, fewer new options were entering the market,"
"The median listing price in Wichita decreased by 2.6% from the previous year, settling at $272,475. This decline was in contrast to the national trend where the median listing price experienced a slight decrease of 0.6%. The share of price reductions in Wichita increased to 11.0%, rising by 0.6 percentage points from last year, compared to a smaller increase nationally. This trend suggested that sellers in Wichita were proactively adjusting their expectations in response to the heightened competition and extended market exposure,"
In December, Wichita's active listings rose 13.7% year-over-year to 998 homes, outpacing the national 12.1% gain. Newly listed homes declined 8.3%, suggesting fewer fresh options despite higher overall inventory. The median listing price fell 2.6% to $272,475 while price reductions increased to 11.0%, indicating sellers adjusted expectations amid heightened competition. Homes spent a median 59 days on the market, a 9.3% increase but still faster than the national median of 73 days. The combination of expanded inventory, fewer new listings, and price adjustments created attractive opportunities for buyers and signaled a modest market cooling.
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