I'm a licensed Realtor, and have marketed and sold properties in the Wichita metro area for the past eight years. To answer your question, YES; $340,000 house are selling in the Wichita area. Moments ago I checked the South Central Multiple-List Service for statistical data. Thirteen single-family (re-sale) homes, in the $325,000 - $350,000 price range, have sold since September 1, 2010. The "Days On Market" for those homes ranged from 5 to 340 days. Currently, there are another 49 homes in the same price range still on the market. Forty-one of those are in the Wichita metro, with 8 are outside the Wichita area. The number of "Days On Market" for those 49 properties range from 5 to 433. As I'm sure you're aware, we're in a strong "Buyer's Market". In fact, it has been a "Buyer's Market" since the end of July. As of the end of November, there was an 8.1 month inventory of homes in the MLS. An inventory above 7 months indicates a "Buyer's Market". Five to 7 months of inventory is a "Balanced Market", and under 5 months of inventory is a "Seller's Market". On a bright note, homes that are "Priced To Sell" are still moving quickly. Last Sunday I took a new listing at $2 per square foot below the average price per square foot of the other 5 listings in the immediate area. My new listing received an offer on Friday while the other 5 homes in the area are still on "Active" status in the MLS. Buyers are expecting to find great deals right now, and they are finding them! Pricing your home below the competition is the key to receiving an offer. Talk to your Realtor, and make sure your property is priced to "WIN" the competition. And, best of luck!