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 7/31/2022.

Updates are made bi-monthly.

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Comments from Tony

Forecast

New homes coming on the market will be steady.

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....

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.