After months of fairly stable but low inventory, the number of available homes took a sharp drop in Sioux Falls in November.

The average price of a house sold in Sioux Falls was up nearly 20 percent year-over-year, but overall sales were down in August.

Home prices in Sioux Falls are up 15 percent year-over-year, and inventory took another big drop in the past month.

This isn’t going to help the housing supply: a 29 percent drop in new listings in February.

Home sales in the city of Sioux Falls increased 28 percent in September, causing inventory to drop to essentially half of what it was a year ago.

Here’s a sign of what’s happening in the Sioux Falls real estate market: The average home seller received full asking price, if not a bit more.