2017 Kansas Housing Markets Outlook

Pratt CountyHousing Outlook

The Pratt 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

5

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15

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25

Tota

l Hom

e Sa

les

2010 2011 2012 2013 2014 2015 2016

Actual Sales Moving Averagea

Pratt County Home Sales

The Pratt County Housing Outlook is brought to you by your friends at

Sources: Prairie Land REALTORS® and participating Kansas REALTOR® MLS systemsNote: a) Twelve-month trailing moving average of total home sales in Pratt County

Design and illustration by Visual Fusion Graphic & Web Design Studio

The WSU Center for Real EstateLaying a Foundation for Real Estate in Kansas

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50,000

100,000

150,000

200,000

Dol

lars

2010 2011 2012 2013 2014 2015 2016

Median Sale Price Moving Averagea

Pratt County Home Prices

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10

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30

40

Mon

ths’

Sup

ply

2010 2011 2012 2013 2014 2015 2016

Pratt Count Moving Averagec Kansasd

Inventory of Homes Available for Saleb

2

4

6

8

10

Perc

ent

2010 2011 2012 2013 2014 2015 2016

Pratt 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:

102 days

Sources: Freddie Mac, Mortgage Bankers Association, U.S. Bureau of Labor StatisticsNotes:a) Twelve-month trailing moving average of the Pratt County unemployment rateb) Seasonally adjustedc) Mortgage Bankers Association August 2016 forecast of the 30-year conventional mortgage rate

Sources: Prairie Land REALTORS® and participating Kansas REALTOR® MLS systemsNotes:

a) Twelve-month trailing moving average of the median sale price of all homes in Pratt County b) Ratio of active listings to home sales

c) Twelve-month trailing moving average of Pratt County inventoryd) Kansas statewide inventory figure is seasonally adjusted

Economic Overview Pratt 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

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2,000

4,000

6,000

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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