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April 19, 2016

Sioux Falls Real Estate Market March 2016

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The Sioux Falls Real Estate Market Data is in for the month of March and the Spring Market has come a bit early this year! The first quarter numbers for our local area create some interesting markets. Pending sales have increased as overall inventory levels have decreased. So for most price points we are in a sellers market. The price point that is still holding on to over 6 months worth on inventory is the $300,000 and above range. Homes at this price point are equal or still a bit of a buyers market with an average of 7 months of inventory. The next couple of months show a strong market but the inventory levels will continue to create some concern. If you are in the market to buy or sell, call Missy at 605-366-9217. Click here for more local real estate data.


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