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 9/15/2023.
Updates are made bi-monthly.
Comments from Tony
Inventories are growing.
All categories of type and price range have more houses today than a month ago. Price changes are increasing and beginning to soften a little in some brackets. There have been fewer sales this past month, and it’s taken a few days longer to sell. Mortgage rates are...
Forecast
Inventories will increase as more homes come on the market and fewer will sell.
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...
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.