Here’s a look at the Sioux Falls Real Estate Market for April 2019. According to statistics from the REALTOR® Association of the Sioux Falls Empire, Inc., the median sale price for homes dipped last month, but the number of new listings added to the market increased. Read more about this month’s real estate market trends.
👀 A Look at Housing Stats
We began the month of April with the median sale price for homes in Sioux Falls at $201,000. This amount increased slightly from the $200,000 recorded last month but is down 4 percent from the $210,000 this time last year.
The average sales price for homes in Sioux Falls is $241,116 for this month, which is up from the $227,127 in March. We also see an increase of 3.6 percent from April 2018.
📊 What Does this Data Mean?
We entered April with 844 active listings of home for sale in Sioux Falls. This number is up from the 790 active listings last month but down 20 percent from the 1,055 in 2018.
💲 What does this mean for Sioux Falls home buyers?
There were 347 new listings added to the Sioux Falls real estate market inventory last month. The good news is that this number shows a significent increase from the 260 new listings last month. When compared to last year’s 407 new listings this same month, we see a decrease of 15.2 percent.
With more new homes hitting the market, you want to be in-the-know as soon one is listed to move quickly and step ahead of other buyers. Signing up for email alerts can give you an edge over others who are looking for the same homes!
💵 What does this mean for Sioux Falls home sellers?
Sellers are currently receiving 98.8% of their original asking price, which is up slightly from last month. Homes are staying on the market an average of 92 days, which is down 5.1 percent from this time last year.