Year-End 2019 Hays, KS Area Real Estate Update
Robert Readle here with your year in review market update – we wrapped up the year with an encouraging note in the Hays market. This December was overall very similar to year’s past with a couple of very good differences. Our Median price this year was $158,000 vs only $140,500 back in December of 2018. We’re also seeing the final sale price come in stronger this year with the market showing an average sale price of 93.0% of the original list price.
This really reinforces a trend I’ve been describing since last spring. Our inventory in the Hays market is considerably lower than years past and this is really starting to show in the data. Our days on market have fallen for the last 3 years and the sale price to list price ratio is the strongest it has been in quite a while. Long story short, sellers are getting close to what they ask for their home and on average they are selling their homes faster than we have seen over the last 3 years.
2020 is shaping up to be a seller’s market so if you have been thinking that it is time to sell, reach out to any of our highly qualified professionals here at Coldwell Banker Executive Realty.