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 3/15/2023.
Updates are made bi-monthly.
Comments from Tony
New listing activity has been brisk.
A substantial increase in the number of properties coming on the market. Current sale pending and contingent sales are both up, and sold/closed properties are up as well. Mortgage rates are DOWN!
Forecast
Spring market is here.
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...
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.