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Prices Up, Sales Down For Homes In Sioux Falls

May 7, 2014, 6:00 PM by Angela Kennecke

Prices Up, Sales Down For Homes In Sioux Falls
SIOUX FALLS, SD -

Home sales for April were down nearly 13 percent in the city of Sioux Falls, but prices continue to rise.

According to the Realtor Association of The Sioux Empire, the median sales price in the city is now $164,750.  That's up four percent from a year ago.  Fewer homes were on the market.  New listings were down six percent.  

But those homes that are for sale sold much faster in April.  The average number of days on the market was down 24 percent to just 77 days.  

RASE April 2014.pdf

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