Officials say residential real estate sales in the Rapid City area boomed in 2013.
The Black Hills Association of Realtors says more houses were sold at higher prices in 2013 than any of the previous five years.
The average sale price of a residence in the Rapid City area was $175,087 in 2009. That number peaked at $199,058 in 2013.
The price of housing has increased by almost $25,000 since 2009, but demand has climbed alongside price. In 2009, 1,376 residential listings were sold. In 2013, 1,826 listings were sold.
Housing also sold much faster in 2013. It took an average of 66 days to sell a home in 2013 compared to 82 days in 2009.
Most Popular Today
Sioux City Riverboat Casino Prepares For Last Day
Keller Williams Acquiring HJN
Keller Williams Buys Out HJN Realty
- 4.Retail & Restaurants
New Fitness Center Opening In Sioux Falls
- 5.Development, Events Center
New Developments Near Events Center Taking Shape
Debt And The Midwest
Census Estimates Sioux Falls Population Nearing 165,000
- 8.Health Care
ND Hospital, National Nonprofit Talk Affiliation
- 9.Development, Events Center
Russell Street Construction Nearing Completion
- 10.Meetings & Events, Events Center
City Seeks Performers For Events Center Open House