Open Houses And March Market Review

Dated: 03/30/2017

Views: 418

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The month of March in Sioux Falls has been interesting in the housing market.  Inventory is low and demand from buyers is HIGH!  According to RASE (Real Estate Association of the Sioux Empire) the number of new listings are down 3.6% compared to this same time last year.  With so few homes to choose from, sellers are getting very close to, if not about, asking price when contracts are accepted.  157 homes were sold in the month of March in Sioux Falls and the average listing price for the month was $210,060 (as of March 29).  Days on the market have hovered around that 100 day mark for the majority of price ranges.  Lower range homes, under $150,000 are going much quicker with about 60 days on the market.  

What does this mean for you?  If you have put any thought into selling your home.  NOW IS THE TIME!  Rates are slowly climbing and prices are good, so sell high and buy at a low rate.  Especially if you have any equity in your current home or are planning to downsize, timing couldn't be better!  If you're interested in what your home is worth, let me know and our team will conduct a free market analysis giving you the value to expect for your home in today's market.  

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Interested in selling but not sure if there is anything out there that would interest you?  Open houses are becoming more and more busy with nice weather just around the corner.  Many buyers feel open houses are a good way to get a feel for what today's market has to offer.   Of course, private showings are always the best way to get the most out of the property tour.  Click here for a full list of this weekend's open houses in Sioux Falls. 


If you have any questions or need more information regarding the market or the value of your home, please contact me at 605-999-6459 or amy@jeffmerrillteam.com.

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Amy Hendrix

After years of working in retail I have chosen the field of real estate to help stimulate my personal growth. I want to be involved, valued, and trusted by my clients and I want to do what is best for....

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