Business

Home sales down 14 percent in 2009

The recovery of Wichita's housing market slipped in December, as home sales fell below numbers from a year ago as the national economic downturn was unfolding.

And for the year, home sales fell about 14 percent to 8,617 units, down from 10,048 in 2008.

New and existing home sales dipped to 560 in December, according to figures from the Wichita Area Association of Realtors and the South Central Kansas Multiple Listing Service.

That's 87 fewer homes than December 2008 and 241 homes fewer than November 2009.

New home sales dipped in December to lows unseen since the spring, with 73 units sold.

Dec. 1 first was the original deadline for an $8,000 tax credit for first-time homebuyers. The credit was extended and expanded in November.

Come back to Kansas.com for more on this story and see Tuesday's Eagle.

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