During the month of August, 2009 there were 78 new residential listings in and around the Rapid City area as compared to 84 last month. The total # of homes for sale is 419 as compared to 429 last month, which reflects single family homes only. And 55 homes have sold or are under contract as compared to 54 homes last month. Avg. price of a home in the Black Hills is $186,095 as compared to $172,676 last month with an average of 83 days on the market as compared to 83 last month. Sellers have been receiving 96.66% of their asking price as compared to 97.66% last month.