RASE MLS September 2011 Market Statistics, Sioux Falls, SD
By Rosalie Evans, The Evans Group, Sioux Falls, SD Homes For Sale
(Meritus Group Real Estate)
Sioux Falls, SD – October 10, 2011: People talk about the national housing market like it’s some static thing, like a toaster. The thing is, there is no national housing market; just like there is no national weather forecast. That doesn't mean national averages don't have their place, but you don’t grab a raincoat and an umbrella in Miami based on the weather in Seattle. Like the weather, all real estate is local. As we embark on the fourth and final quarter of 2011, let’s take a look at our local forecast. New Listings in the Sioux Empire decreased 13.5 percent to 415. Pending Sales were up 16.9 percent to 249. Inventory levels shrank 9.4 percent to 2,134 units, a positive supply-side trend that should bring additional stability. Prices were still soft. The Median Sales Price dec...
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