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| WSU Home Price Index | |
Sedgwick County home prices appreciated by 3.34% between the second quarters of 2007 and 2008. For the quarter, home prices appreciated by 1.60%, which translates into an annualized increase of 6.57%.
Overall, home prices in Sedgwick County have risen at an average annual rate of 3.10%, during the past five years. In contrast, prices of other goods and services have risen by 3.55% per year, over the same time frame.
COMMENTARY: Wichita area home prices rebounded solidly in the 2nd quarter of this year. Although there is still some weakness in the lower end of the market, tight inventories are resulting in upward pricing pressure in the middle and upper price ranges.
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