TOPEKA, Kansas (AP) – A realtors association says home sales in May were the highest in Kansas for that month since 2007.
The Kansas Association of Realtors says sales increased 14.2 percent in May, to 3,727 units sold compared with 3,265 in May 2012. Nationwide sales rose 12.9 percent in May.
The association’s president, Steve McCullough, says another 3,418 sales were pending at the end of May, up 3.4 percent from May 2012 and 16.1 percent from May 2011.
McCullough says if current sales rates continue, it would take about four months to run through the 15,112 houses listed for sale across the state.
The Topeka Capital-Journal reports (http://bit.ly/120GB0q ) the median sales price statewide was $156,000, up from $144,850 in May 2012.