What is going on in the Sioux Falls real estate market? We are going to explore the latest trends today.
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The latest numbers are in for our Sioux Falls real estate market, so let's take a look at these figures. It's time for a market update.
Right now, we are continuing to see really low levels of inventory in the sub- $300,000 price range. This means we have way more buyers than we have homes available. Homes are selling very quickly, so it is more important than ever for homebuyers to have a game plan and an agent who can guide them to the right property.
Right now, we are continuing to see really low levels of inventory in the sub- $300,000 price range. This means we have way more buyers than we have homes available. Homes are selling very quickly, so it is more important than ever for homebuyers to have a game plan and an agent who can guide them to the right property.
We are also seeing a bit of an increase in interest rates. We have expected this for a few years now and it is finally coming into fruition. However, keep in mind that even if rates go up to 5% as expected, that this is still a low number historically speaking.
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We have been expecting this interest rate increase for a long time.
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If you are interested in buying or selling a home in Sioux Falls or if you have any questions, please feel free to give us a call or send us an email. We look forward to speaking with you soon.
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