Yeah - it takes some people longer than others...
I've been keeping a running tally on the number of homes that have sold in Rapid City and surrounding communities (Black Hawk, Box Elder, Rapid Valley, Nemo Road, Piedmont Valley) to not only get an idea of how homes have been selling, but also to see what price points have been hottest. As you can see from the graphs, homes in the $125,000 to 175,000 have been the best sellers each month - confirming in my mind the benefit of the first time homebuyers tax credit.
Also interesting to note that after the tax credit got extended in November, buyer urgency went away, "after the Holidays" became the motto of choice, and real estate sales went down. (yes, typical for December, but it just seemed a really slow month! :)
Fortunately, activity has been good, up here in the Black Hills of South Dakota. May it continue! The sun has been shining, the REALLY cold temperatures went away (for now)...it's a good life.
Cheerio!
- Tristan
Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com
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