Hays Area Home Sales Rose in May
Total home sales in the Hays area rose by 40.0% last month to 42 units, compared to 30 units in May 2016. Total sales volume was $6.3 million, up 5.5% from a year earlier.
The median sale price in May was $139,000, down from $161,000 a year earlier. Homes that sold in May were typically on the market for 116 days and sold for 95.9% of their list prices.
Hays Area Active Listings Up at End of May
The total number of active listings in the Hays area at the end of May was 255 units, up from 232 at the same point in 2016. This represents a 6.1 months’ supply of homes available for sale. The median list price of homes on the market at the end of May was $149,000.
During May, a total of 43 contracts were written down from 48 in May 2016. At the end of the month, there were 36 contracts pending, compared to 68 at the end of May 2016.