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
- 1.Retail & Restaurants
Hy-Vee Announces Updates To Sioux Falls Stores
- 2.Recalls, General
Ford Recalls Nearly 423K Vehicles For Power Steering Problem
- 3.Your Money Matters
Flights Cut/Airfares Rise Out of Sioux Falls
- 4.Retail & Restaurants
Women's Clothier Torrid Coming To Empire Mall
Software Glitch Can Cause iPhones To Crash
- 6.Retail & Restaurants
Caribou Coffee, Einstein Bagels Opening SF Location
Sioux Falls Ranked As Top City For College Grads
- 8.Your Money Matters
Fewer Flights Lead To Higher Prices
- 9.Health Care
Med-Star Settling Into New Location
- 10.Your Money Matters
Changing Face Of 41st Street