Solid market with more sales and new listings coming on the market. Inventory levels are flat. Mortgage rates are steady. Prices seem to falling to a small degree. The market is as we expected and is outperforming a typical fall market.
Buyer energy will continue until the holiday season is upon us, although the early cold weather is showing signs of a slight pause. We expect activity to increase as the weather warms and returns to normal. Mortgage rates will hold steady. Sales will be solid, but new properties coming on the market will begin to slow and inventories will drop.
|Sioux Falls||Total Area|
|Oct 1-15 |
|Active Number of Listings||725||722||1217||1221|
|New Listings added this period||200||245||301||345|
|Number of Pending Sales (not closed)||128||146||192||189|
|Number of Sold (closed)||157||169||228||229|
|Number of Homes Off Market (Inactive)||92||110||138|