Rapid City real estate market holding its own in January 2012.
Usually, everyone is indoors. It's cold outside. January seems to me to be the coldest month of the year. But this year, with unusually moderate temperatures, I think brought a great start to real estate in Rapid City!
With the average single family home price up from $154,505 in January of 2011 to $195,903 in January this year, you can't complain about too much. (Unless you are a buyer looking for a steal...)
Except the inventory. More good stuff is needed...especially in the $130,000 to $200,000 sweet spot.
Granted, a good problem to have considering other parts of the nation.
See the full report of the January 2012 rapid city real estate report on my website!
Things are busy! Looking to keep things rolling through 2012!