Topeka Market Report through September 2013

Market-Report-CoverTotal home sales in the Topeka area rose by 11.4% last month to 245 units, compared to 220 units in Sep 2012. Total sales volume was $26.5 million, up 1.4% from a year earlier.

The median sale price in Sep was $92,000, down from $103,500 a year earlier. Homes that sold in Sep were typically on the market for 39 days and sold for 97.4% of their list prices.

The total number of active listings in the Topeka area at the end of Sep was 1,261 units, down from 1,316 at the same point in 2012. This represents a 5.1 months’ supply of homes available for sale. The median list price of homes on the market at the end of Sep was $108,900.

During Sep, a total of 203 contracts were written up from 199 in Sep 2012. At the end of the month, there were 323 contracts pending, compared to 313 at the end of Sep 2012.

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