Metropolitan Statistical Area (MSA):
Hays, KS is a Metropolitan Statistical Area (MSA) comprising counties including Ellis County.
There is no doubt that the Hays, KS metropolitan statistical area (MSA) has seen some ups and downs in the housing market over the past few years. However, there are some definite trends that have emerged in recent months that suggest that the market is on the rebound.
First and foremost, prices have been steadily rising since bottoming out in early 2016. This is due in large part to an increase in demand from buyers who are looking to take advantage of low interest rates and affordable home prices. Additionally, the number of homes available for sale has decreased significantly, which has helped to drive up prices even further.
Another trend that is becoming increasingly evident is the return of first-time homebuyers to the market. This group had all but disappeared during the housing crisis, but they are now accounting for a significant portion of sales once again. This is good news for sellers as it indicates that there is a healthy demand for homes in the MSA.
Finally, another positive trend that is worth mentioning is the fact that more people are moving into the MSA from other parts of Kansas and beyond. This influx of new residents is helping to support the housing market recovery and should continue to do so in the coming months and years.