During the month of July, 2008 there were 102 new residential listings in and around the Rapid City area as compared to 114 last month. The total # of homes for sale is 406 as compared to 376 last month, which reflects single family homes only. And 50 homes have sold or are under contract as compared to 53 homes last month. Avg. price of a home in the Black Hills is $185,359 as compared to $186,288 last month with an average of 76 days on the market as compared to 75 last month. Sellers have been receiving 97.36% of their asking price as compared to 97.36% last month.