Home sales and prices in Shawnee County ended 2012 higher than in 2011, pointing to a continuing recovery in the housing sector.
The Topeka Area Association of Realtors reported 238 houses were sold in Shawnee County in December 2012, up 14 percent from 208 homes in December 2011.
Shawnee County had a 5.4-month supply of homes at the end of 2012, meaning that if buyers continued purchasing homes at the same rate, it would take about five months and 12 days before they would buy up all the homes on the market.
Prices also rose, but by a far smaller percentage. The average home sale price in 2012 rose to $119,332, from $117,773 in 2011 — a roughly one percent increase...Read More