TopekaTopeka Area Home Sales Rose in OctoberTotal home sales in the Topeka area rose by 2.2% last month to 273 units, compared to 267 units in October 2015. Total sales volume was $35.9 million, up 7.0% from a year earlier.
The median sale price in October was $111,000, down from $120,000 a year earlier. Homes that sold in October were typically on the market for 36 days and sold for 97.8% of their list prices.
Topeka Area Active Listings Down at End of October
The total number of active listings in the Topeka area at
the end of October was 835 units, down from 987 at the
same point in 2015. This represents a 3.1 months’ supply
of homes available for sale. The median list price of
homes on the market at the end of October was
$114,925.
During October, a total of 240 contracts were written
down from 255 in October 2015. At the end of the
month, there were 339 contracts pending, the same
amount as the end of October 2015.