Months of rising home prices might be starting to cause a shift in the market.

The housing market might be showing ever-so-slight signs of tilting more toward buyers.

Sioux Falls ended the first month of the new year with even less inventory than the tightest months of 2020.

Home sales dropped 19 percent in Sioux Falls last month compared with June 2018, while the average price of a home sold hit an all-time monthly high.

Here’s something that hasn’t happened for a while: The price of homes sold in Sioux Falls fell year-over-year in May.

It’s not the only reason home listings and sales have dropped this year, but the weather also hasn’t helped.

The drop in home sales experienced in Sioux Falls late last year seems to be persisting into 2019.

Home sales fell 31.5 percent in December in Sioux Falls compared with a year ago, according to the Realtor Association of the Sioux Empire.

The average price of a house sold in Sioux Falls last month was 5 percent more than the same time a year ago, although inventory is hovering around a record low.