The housing slowdown nationwide is beginning to be felt here: About half as many homes sold in Sioux Falls in December compared with the same time last year.

November brought a big drop in temperatures — and home sales. Here’s a look at what’s happening in the market.

Closed home sales in the city of Sioux Falls took a steep drop in September — as the average price of a house sold hit an all-time high.

Home sales dropped 27.6 percent year over year in July in Sioux Falls, signaling a bit of what is being experienced nationwide.

Home prices continue their double-digit year-over-year increases in Sioux Falls — though fewer sold last month.

“After two years of record-setting activity, there are signs the housing market might be cooling.”

Sioux Falls’ inventory of homes is about half of what it was last spring — when it already was low.

The beginning of 2022 brought more of the same for the inventory of homes on the market, which remains at a historic low.