Rapid City Real Estate Market Report - September 2009 (late...but here.)

And the rush is on! 

With just over 30 days left to get a home bought before the expiration of the tax credit (pending extension, of course), activity has been high and deals have been flying.  Our inner office sale board is full.  (which means a pizza party!)

As for the September Market...look at the total residential graph below - you'll see last month sprang ahead from last year on the number of homes under contract.  The active listings are just under last year's numbers, showing that sellers are ready to put their homes on the market and move on.  The rest of the stats remain quite similar to the rest of the year - a bit behind, but holding steady...with the exception of the new construction market.  We will see how long it takes before that scenario corrects itself.


                                            



  


I've sold a number of homes the past months to first time homebuyers and am working with another on a get-it-in-before-the-bell-rings deal.  I certainly can't complain, and I don't see any reason for anyone to be!

It's a winter storm watch.  Again.  Already.  Maybe we'll get our normal warm winter in December...

Take care!

- Tristan

Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com