Tony Ratchford

Market Conditions

The following information was obtained through REALTOR® Association of the Sioux Empire, Inc. It does not include private sales outside the system, and reflects all residential activity for the past two weeks ending 11/30/2022.

Updates are made bi-monthly.

Comments from Tony

Inventories are increasing…

Fewer homes coming on the market, fewer sales, and more price adjustments reflects the past two weeks. It appears we are experiencing a seasonal/holiday affect as well as a slow-down in activity due to higher mortgage rates and consumer confidence.

Forecast

Sioux Falls Real Estate Market Conditions

Numbers include all residential properties, single family, twin-homes, townhomes, and condos.

Total Area Real Estate Market Conditions

Numbers include all residential properties, single family, twin-homes, townhomes, and condos.