Here's an inside look at the Sioux Falls real estate market statistics for March 2017. March completes the first quarter of real estate in Sioux Falls. Sellers are in a good position as real estate trends continue to improve in the right direction. Interest rates have risen slightly, however they still remain at an all time low. Sioux Falls did experience a decrease in new listings for the month of March. But, pending house sales are up which speaks well across the market. Home prices continue to steadily increase as the economy and growth strengthens within the community and nationwide.
A Look at the Housing Stats
New Listings - 597 | Down 13.6%
Pending Sales - 534 | Up 78.6 %
Closed Sales - 364 | Up 22.6%
Days on Market until Sale - 92 | Down 8.0%
Medium Sales Price - $185,000 | Up 10.1%
Average Sales Price - $208,569 | Up 6.3%
Percent of Original List Price Received - 99.0% | Up 0.4%
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