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Home Real Estate Wichita State University releases housing market forecast, rising prices to continue

Wichita State University releases housing market forecast, rising prices to continue

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WICHITA, Kan. (KWCH) – Wichita State University released the 2022 Kansas Housing Market Forecast on Thursday.

Experts like Stan Longhofer, with the Center of Real Estate at WSU, say home prices are expected to continue rising and now is as good to buy. He says waiting for the prices to fall isn’t in the buyer’s best interest.

“This year, we’re forecasting that home prices in the Wichita area will increase almost 11 percent and then another 6.8 percent next year. But it’s been driven by the fact that there aren’t very many homes for sale,” he said.

Thursday morning, Longhofer explained to the Kansas Association of Realtors that they should encourage their clients to start looking at homes now. He said we’re in a seller’s market which means fewer houses are up for sale, and that means, they’re selling faster.

“The prices are going up and it means that you have to move very very quickly because very frequently the homes sell within a…

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