Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Rapid City Market Report - July 2009
July was a great month for me, anyway.  I was top sales agent for my company for the month.  I was quite surprised at the honor since it takes 2 sales of mine to equal one of some of the more seasoned agents in my office.  It's pretty exciting.
The market continues to move right along.  Sales are still down from last year, but they are down 17% this month versus 32% last month year to date. (referring to the "total residential" graph) The average sold prices on preowned homes remain stable, and new construction prices are down 8%.  All in all, I see things remaining fairly stable, with good signs showing.  What will happen when the tax credit no longer is an option will be interesting to see.
The first time homebuyers continue to drive the market forward.  Here are the number of homes sold in the month of July:

 
 
 
 
Date range for active stats:  as of 8/1/08 and 8/1/09
Date range for sold stats:  1/1/08 to 8/1/08 and 1/1/08 to 8/1/09
And of course, the disclaimer:
This representation is based in whole or in part on data supplies by the Black Hills Association of REALTORS or its Multiple ... more

__________________________________________________
Are you on The Rain? Grow Your Network!