#active-listings

#active-listings

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,

When assessing home price momentum, believes it's important to monitor active listings and months of supply. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate pricing softness or weakness. Conversely, a rapid decline in active listings beyond seasonality could suggest a market that is heating up. Since the national Pandemic Housing Boom fizzled out in 2022, the national power dynamic has slowly been shifting directionally from sellers to buyers.