![]() "If it's in the right price range, and it's the right home, we have hours of supply on those kind of houses." "When you mentioned hours of supply, we're seeing that on occasion," he said. However, he said very low housing supplies is also discouraging buyers. ![]() Tim Cossaart, local real estate agent, said stimulus payments brought buyers into the markets, and as those ended, sales started to fall off. ![]() Year-to-date Ellis County home sales are down about 16 percent compared to 2020. Simultaneously, the number of homes for sale also declined, said Stanley Longhofer, director of Wichita State University's Center for Real Estate. The Hays market has maybe hours of housing supply, according to local real estate agents at an economic conference Thursday at BriefSpace.Ī four- to six-month supply of homes would be a balanced market, but Kansas hasn't had a balanced market since 2015.Īfter increasing steadily for about three years, home sales in Ellis County began to decline at the end of 2020.
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