Manhattan, KS housing market

The story in Manhattan this June is a steady, patient market. Home values are still rising, up about 4.6 percent over the past year, with the typical home now worth around three hundred fifteen thousand dollars. So sellers are not losing ground. But this is not a fast market. The median time to sell is around forty-nine days, so buyers here have room to think, tour, and negotiate. Supply is modest, with about 161 homes for sale and roughly 88 new listings coming on. That keeps things from tipping in the buyer's favor. The median list price sits near three hundred fifty-six thousand dollars, well above what homes are actually worth, which is one reason only about 16 percent of listings have cut their price. That share is fairly low, meaning most sellers are holding firm. If you are thinking of selling here, price close to real value, not to that ambitious list-price number, and expect to wait about seven weeks for the right buyer.