2017 Kansas Housing Markets Outlook
Ellis CountyHousing Outlook
The Ellis County Housing Outlook is a new part of this year’s Kansas Housing Markets Forecast series. The theme of this year’s forecast is
“Through the Woods,” following the adventures of our heroine Ophelia as she overcomes many obstacles to find her way home. Like Ophelia, Kansas housing markets appear at long last to have made it through the woods.
0
10
20
30
40
50
Tota
l Hom
e Sa
les
2010 2011 2012 2013 2014 2015 2016
Actual Sales Moving Averagea
Ellis County Home Sales
The Ellis County Housing Outlook is brought to you by your friends at
Sources: Hays Board of REALTORS® and participating Kansas REALTOR® MLS systemsNote: a) Twelve-month trailing moving average of total home sales in Ellis County
Design and illustration by Visual Fusion Graphic & Web Design Studio
The WSU Center for Real EstateLaying a Foundation for Real Estate in Kansas
50,000
100,000
150,000
200,000
250,000
Dol
lars
2010 2011 2012 2013 2014 2015 2016
Median Sale Price Moving Averagea
Ellis County Home Prices
0
5
10
15
20
Mon
ths’
Sup
ply
2010 2011 2012 2013 2014 2015 2016
Ellis CountyMoving Averagec
Kansasd
Inventory of Homes Available for Saleb
2
4
6
8
10
Perc
ent
2010 2011 2012 2013 2014 2015 2016
Ellis CountyMoving Averagea
Kansasb U.S.b
Unemployment Rate
2
3
4
5
6
7
Perc
ent
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
30-year fixed rate 5-1 adjustable rate MBA forecastc
Mortgage Rates
Mortgage rates should remain exceptionally
low in the coming year.2016 YTD Days on Market:
97 days
Sources: Freddie Mac, Mortgage Bankers Association, U.S. Bureau of Labor StatisticsNotes:a) Twelve-month trailing moving average of the Ellis County unemployment rateb) Seasonally adjustedc) Mortgage Bankers Association August 2016 forecast of the 30-year conventional mortgage rate
Sources: Hays Board of REALTORS® and participating Kansas REALTOR® MLS systemsNotes:
a) Twelve-month trailing moving average of the median sale price of all homes in Ellis County b) Ratio of active listings to home sales
c) Twelve-month trailing moving average of Ellis County inventoryd) Kansas statewide inventory figure is seasonally adjusted
Economic Overview Ellis County Housing Statistics
WICHITA STATE UNIVERSITY W. Frank Barton School of Business—Center for Real Estate
FOR THE LATEST DATA AND ANALYSIS ON REAL ESTATE MARKETS IN KANSAS, VISIT WICHITA.EDU/REALESTATE
0
2,000
4,000
6,000
8,000
10,000
Sin
gle−
Fam
ily P
erm
its
0
10,000
20,000
30,000
40,000
50,000
Tota
l Hom
e Sa
les
30,277
3,801
2012
33,580
4,459
2013
34,017
4,334
2014
36,992
5,257
2015
38,680
5,400
2016
41,090
5,745
2017
Salesa Permitsb
Kansas Housing Market Activity
FORECAST
−2
−1
0
1
2
3
4
5
6
Perc
ent
−0.1
2012
1.0
2013
3.4
2014
4.1
2015
5.0
2016
3.8
2017
Home Price Appreciationc
FORECAST
Sources: Federal Housing Finance Agency, National Association of REALTORS®, Participating REALTOR® multiple listing services across Kansas, U.S. Bureau of the Census, WSU Center for Real EstateNotes:a) Total home sales in Kansas as reported by participating REALTOR® multiple listing services across the stateb) Single-family building permits issued in Kansas as reported by the U.S. Bureau of the Censusc) Year-over-year percentage change in the Federal Housing Finance Agency all-transactions housing price index for Kansas, as measured using 4th quarter values
Kansas Statewide Housing Forecast
Are you trying to find your way home?
The
WSU Center for Real Estate
is here to help.WICHITA.EDU/REALESTATE
WICHITA STATE UNIVERSITY W. Frank Barton School of Business—Center for Real Estate
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