Home sales in the city of Sioux Falls increased year-over-year in October, with closed sales up 5.4 percent.
Home sales fell in Sioux Falls last month, and analysts warn there could be some softening of the market ahead.
Increasing home prices, higher interest rates and a jump in building material costs are taking a toll on housing affordability.
Closed sales in Sioux Falls jumped 11 percent year-over-year in Sioux Falls in July, according to a report from the Realtor Association of the Sioux Empire Inc.
The average price of a home sold in Sioux Falls was almost $241,000 in June, a 3.5 percent increase compared with the same time last year.
Homebuyers should expect a competitive housing market for the next few months, according the monthly report from the Realtor Association of the Sioux Empire Inc.
It says something about the state of the housing market that Amy Stockberger took to the sky to encourage potential sellers.
The average price of a home sold in March in Sioux Falls was 6 percent more than the same time last year as buyers continue to face shrinking inventory.
Home sales in the city of Sioux Falls dropped 7.6 percent in February as inventory continued to tighten.
January felt a little like the same story in a different year for the Sioux Falls housing market, with no change year-over-year in new listings and a continued decline in inventory.
