Many parts of the country have struggled through a weak housing market in recent years, but it’s very strong in many South Dakota communities.
Sioux Falls and Rapid City are both boasting strong numbers. It's no different in the northeast. Peter and Patti Jewett of Aberdeen recently sold a home.
"It actually went really well. We listed it one Friday and we actually had an offer by Saturday," Peter Jewett said.
While not all homes will sell that fast, success in selling is something realtors are seeing in the northeast South Dakota community.
"If the couple hadn't bought our house I think somebody would have come along in the next few weeks and I don't think we would have had a lot of trouble," Patti Jewett said.
That could very well be. Danelle McMaster is the Aberdeen Board of Realtors president and says the city has a very strong housing market.
"I think most sellers and buyers are satisfied with the inventory we have as a buyer and days on the market as a seller," McMaster said.
McMaster says the community doesn't see sudden large gains in price but then avoids abrupt dips as well.
"Looking at the numbers from January of 2012 and January of 2013 with numbers of listings and numbers of sold listings, they're very comparable," McMaster said.
Various factors can determine a home's marketability. In Aberdeen the higher end homes can sit a longer time waiting for a buyer. But McMaster still considers that sector of the housing market strong. McMaster says sales are very strong in homes falling within the middle to lower price range.
"We closed one a couple days ago that it literally went on the market and sold the same day because it was in that lower price range where you have a lot of buyers that are watching that market very closely so they can get into that cycle of ownership," McMaster said.
Between sellers coming forward and new construction, McMaster says inventory in Aberdeen is holding its own. She's also noticing advancements in the rental and retail sectors.
The Jewett's are thankful for the housing market condition. They had enough going on and didn't want a long wait for a sale.
"We didn't want to lose money on it. We had been looking at a few houses so we didn't want to miss out on those. We wanted to get it moving as quick as possible," Patti Jewett said.
They understand not every home will sell as quickly as theirs did.
"I think just the price range and the salary range in Aberdeen, it fit really well. Plus, with the influx of people coming to Aberdeen, it was a really marketable house," Peter Jewett said.
Realtors in Aberdeen are confident they'll see repeats of that scenario in the future. Even if it's not quite that quick, McMaster says realtors in Aberdeen more often than not can connect buyers and sellers on a pretty successful rate.
Other communities in the northeast boast strong housing markets as well. Officials in Huron expect a housing shortage in the future.
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