Housing Market Report April 2016 Sioux Falls Area

The Spring market is moving along as anticipated but we are starting to see the results of overall inventory decreases in the local housing market. The market-wide inventory levels were down 23%. This is the direct result of new listings decreasing 4.4% while pending sales have increased 64.1%. Housing prices have increased in the desirable communities where homes show well. Mortgage rates continue to stay very low and unemployment has remained at or near 5% for eight months in a row. Check out Real Living Sioux Falls for more up to date local real information. Call Missy Kitzman at 605.366.9217 to discuss your options if you are considering buying or selling your home. 

If you would like an overall report of your home value or neighborhood market  ~ call, text or email Missy. I can create a detailed report of how your home is positioned in our current housing market . All price points are not equal and it best to get some insight as to how your home compares to the overall housing data.

There is plenty of housing data available online but it is not all created equal. I can help you determine which data is most accurate and relevant to you and your home.