Kansas home sales and home prices will be on the rise next year, according to the 2025 Kansas Housing Markets Forecast series published by the Wichita State University Center for Real Estate.
The new forecast reported that home sales activity across Kansas stabilized during the first half this year and is expected to fall slightly in the year’s second half before rebounding in 2025 by 3.3% to 36,080 units. New single-family building permits in Kansas are expected to rise by 5% this year to 5,175 units while permitting activity is expected to decline 1.6% in 2025 to 5,090 units.
Kansas home values will continue to appreciate at an above-normal rate for the foreseeable future, rising 7.9% this year and 6% next year,
“Inventories of homes available for sale remain quite tight,” said Dr. Stan Longhofer, director of the WSU Center for Real Estate. “At the same time, buyers remain cautious in the face of higher home prices and financing costs. As a result, housing markets across the state are more balanced than they have been in years.”
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