Housing market tightens further to end 2017
New home listings jumped in Sioux Falls at the end of 2017, but inventory got even tighter.
New home listings jumped in Sioux Falls at the end of 2017, but inventory got even tighter.
The Sioux Falls market saw an increase in home sales and a drop in prices in November.
Home sales took a fairly significant drop in October in Sioux Falls, falling 16 percent compared with the same time last year.
The national housing market is essentially stalled, according to the chief economist for the National Association of Realtors.
The average house in Sioux Falls sold five days faster and for $9,000 more in August compared with the same time last year.
More new homes were put on the market in Sioux Falls in July, but not enough to boost sales or inventory growth compared with last year.
Home sales are slowing across the country, including a bit in the Sioux Falls area.
Here’s a look at this week’s People You Should Know
In a continued tight housing market, sellers received 99.9 percent of their original list price in May.
It’s definitely a seller’s market in Sioux Falls.