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
Inventory of homes for sale has decreased again this period.
Fewer new properties coming on the market, and the sales are slightly down. Mortgage rates increased to 6.5% for a 30 year loan and 6% for 15.
Forecast
March is one of the busiest months of the year.
There are plenty of buyers ready and willing, all they need are houses to buy. We expect more listings to come on the market as spring approaches, although the inventory levels will take time to get up to a good level. There are now 618 properties for sale, doubling...
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.