The steady rise in home prices that defined the housing market in 2021 looks to continue steadily into next year across Kansas, according to a new report forecasting the statewide housing market.
The Wichita State University Center for Real Estate released its annual Kansas Housing Market Forecast Series report for 2022 Wednesday. The study projects statewide home sales increasing, construction will remain constrained by supply chain issues and home prices will continue to rise.
“The supply of homes available for sale remains near historic lows,” Stan Longhofer, director of the WSU Center for Real Estate said in a release. “Although bidding wars may not be as intense as they were earlier this year, it will continue to be a sellers’ market across most market segments.”