User uShare Login | Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.

67° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Home Sales Down, Prices Up

March 7, 2014, 9:46 AM by Angela Kennecke

Home Sales Down, Prices Up

Pending home sales in February were down nearly 30 percent in the Sioux Falls region, which includes four counties.

Fewer homes are on the market, with new listings of homes down 18 percent. But, it's still good news for home sellers, as prices continue to rise.

The median price of a home in the region is now $148,300. In the city of Sioux Falls, the median price is now $155,500. That's up nearly seven percent from this same time last year. But homes are staying on the market 25 percent longer, with an average of 108 days before they sell.

The Realtor Association of the Sioux Empire hopes that since home inventory levels are low, there will be an increase in new construction this spring.



Previous Story

Next Story


Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story