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 7/31/2022.
Updates are made bi-monthly.
Blog
Our Changing World
Inflation is here and we feel it every time we stop at a gas station or visit the grocery store. On the growth side, we see another negative quarter, the second in a row. All signs are pointing to a shifting economy with no clear solution for improvement. Most of us...
Comments from Tony
New listings coming on the market are outpacing sales
Inventories are increasing. An interesting factor is the number of homes reducing their asking price, a prelude to lower prices in general. Values are up approximately 18% for the year. Days on the market remain unchanged, good properties still sell fast. Overall...
Forecast
We’ll see more listings coming on the market
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...
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.