Prices will most likely feel pressure as it’ll take longer for homes to sell as some buyers are pulling out of the market or deciding not to engage. Mortgage rates are not going to go down for a while. It’s an interesting market as we transition from a seller’s...

This is seasonal activity, plus buyers with homes to sell are comfortable putting their home on the market while they look for a new house. This is a change from the standard over the past few years. We are approaching a normal market. Days on the market to sell is a...

People want to get moved before winter season and the Holidays. Sales will continue on a steady path for the lower and upper price ranges, but the mid-range may see slowing as the move-up buyer pushes back on rising mortgage rates. The economy in the Sioux Empire...

This is typical of the summer market where people are more comfortable putting their home on the market while looking for something new. This is a big change from 2-3 years ago. Prices will be flat for the year as buyers push prices down to compensate for the higher...

We will see more sellers putting their home on the market before they find a replacement. The market is slowly moving to a balanced market, taking us back to normal behavior for those wanting to move and presently own a house. Prices will follow inflation. It’s...

Sales should be steady, mortgage rates flat, and prices stable. The fall could bring surprises, as it depends on what the Federal Reserve will do. Economic conditions in the Sioux Empire are as solid as anywhere.

It’ll take longer for them to sell. Sales will remain steady. Prices should stay flat. Mortgage rates will stay unchanged for a short time.

Inventories will increase and sales will fall due to a seasonal summer of good weather distraction. Mortgage rates will hold in the high 5% range. Days on the market will increase. Prices will be flat or soften slightly for the summer.

Mortgage rates will remain steady and under 6% for a 30 year loan. Sales will continue an upward direction. Prices will follow inflation, 6% this year.

May is historically one of the most active months of the year. Mortgage rates could stay under 6% for a 30 year loan, but short term, they might go up after the Federal Reserve raises rates again this month. This will be short lived as demand will hold the rates down....

They will outpace sales, increasing inventories and giving buyers more choices. Prices will hold steady. Mortgage rates will bounce up and down, but within a tight range. We should see a balanced market where buyers and sellers have equal opportunities.

There were fewer new constructed homes being built this past winter and that will have an impact on the market. Normal spring activity with existing homes will come alive after Easter. Mortgage rates will stay in the 6% plus range for a short time and slide slightly...

We will see more new construction and existing homes hit the market within the next few weeks. There is still a strong demand for homes. Buyers are looking for lender creativity but will be happy with 5% loans. Inflation is not going away; home values will rise all...

There are plenty of buyers ready and willing, all they need are houses to buy. We expect more listings to come on the market as spring approaches, although the inventory levels will take time to get up to a good level. There are now 618 properties for sale, doubling...

Sales will remain steady, even though rates will be higher. Prices will ease slightly to accommodate the increase in mortgage rates. The local economy will be on solid ground.  

we can expect the same this year if weather conditions continue to keep people inside or traveling south. Demand for housing continues and there is good reason to think the end of February and beginning of March will kick off the early spring market. Mortgage rates...

Nervous sellers will drop their prices. Sales will be steady. Mortgage rates will be more attractive, either by rates dropping or lender creativity. The economy will soften and bring even more uncertainty to the market. All of this will level off and we will see a...

People are still a little uncertain of what the market will do, but I see prices and mortgage rates holding steady over the next few months. After this, both will start to move up. We have a shortage of homes with strong demand. The hard part for buyers is accepting...

Mortgage rates will likely go higher. Sales will continue on a steady path. Home prices fell a little from the year’s high, but will stay steady going into spring.

Mortgage rates will ease, as they always do in December. Fewer new listings will come on the market, unless builders bring more homes to the market. Prices will soften. January will see more homes coming on the market, and we will see more sales, as we usually do in...

Mortgage rates may have topped and will either stay flat or decrease over the next month or so. We could see rates in the 5% to 6% range. Prices are holding steady as there will be enough buyers to support the inventory levels. The economy in the Sioux Empire will do...

Existing homes should flatten, overall inventories will go up. Sales will diminish, and it’ll take longer to sell. I was fooled by the Federal Reserve, I didn’t believe they were willing to drive the economy into a recession to stop inflation, but they are....

Sales will stay flat for a few weeks and start to fade around Thanksgiving, as is common with increased activity the first of the year. Mortgage rates will continue to increase as long as the Federal Reserve raises rates. We expect inflation to be an issue for the...

Mortgage rates will continue to go up as long as the Federal Reserve increases the prime lending rate. Lenders will get creative with programs designed to give buyers temporary relief while the country works through this process of taming inflation - usually 18...

We expect this year to following suit. The number of homes for sale will increase. Expect more properties to come on the market. Sales and pricing should remain steady.

There are more sales, albeit buyers are more cautious. Prices remain steady for now. We may see prices soften slightly between now and the end of the year, although prices will still be higher year-over-year. It’s doubtful we’ll see prices fall below last year’s...

This will come from buyers who were afraid to list their house without having a new home purchased. Apparently, they feel more comfortable with choices now, and realize it’s important to sell first. This is a healthy market move. Sales will remain steady. Mortgage...

Sales will be strong, but we can expect to see some buyers pull-back and pause, waiting to see what the economy and rates will do. I doubt if we’ll see home prices drop, although we are headed toward a balanced market and sellers are starting to lose their advantage....

The Federal Reserve has decided it’s time to fight inflation by raising interest rates, thus mortgage rates will follow. It’s unfortunate the Federal Reserve can only control monetary policy when we also need a new energy policy to help push prices down. That doesn’t...