User uShare Login | Register
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.


69° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Housing Market Heating Up

April 19, 2012, 9:50 PM by Angela Kennecke

Housing Market Heating Up
SIOUX FALLS, SD -

If you've driven around Sioux Falls, you've probably noticed a lot of "sale-pending" signs.  That's because the housing market has picked up considerably, especially in the last month.  Home sales were up almost 20 percent in March over the same time last year.

Mike Chadwell just bought his home a month ago, in one of the best months for home sales in years. 

"And the quarter too.  March ends the first quarter and the first quarter is up quite a bit, not as dramatically as much, but the first quarter is up too.  It's been a good year," realtor Matt Larson said.

Chadwell had rented for a few years and watched the housing market, anxious to get back into it.

"My daughter and I would drive around looking at places and I considered it and went back and forth just because of jobs and whatnot and feel a lot more secure about the way things are with jobs in Sioux Falls right now.  And went by and found something just perfect.  Location, location, location.  It was perfect," Chadwell said.

Larson says it's that optimism over the job market in Sioux Falls that fueled home sales to jump almost 20 percent in March. 

"Maybe not recovered, but recovering. I think we've definitely made the curve and we're going back up definitely," Larson said. 

Larson says with a seven-month supply of inventory available, we are heading toward a balanced market in Sioux Falls.

"It is by no mean's a seller's market, but it's not the buyer's market it was," Larson said.

And that's also driving prices up for the average home by about 10 percent since the beginning of the year.  Chadwell is glad he made the leap back into home ownership when he did.

"I moved pretty quickly once I decided this was the place," Chadwell said.

The median sales price is now $145,000 for a home in Sioux Falls.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Historic Sioux Falls Building For Sale

9/15/2014 4:24 PM

The Carpenter Building on South Phillips Avenue in Sioux Falls is for sale for $4.2 million.

Full Story
Sioux Falls Named 41st In Best Small To Midsize Cities List

9/15/2014 1:43 PM

Sioux Falls comes in at number 41 on Livability.com's list of the nation's best small to midsized cities.

Full Story
SF Judge Considering Another Walmart Lawsuit

9/19/2014 5:41 PM

Homeowners believe the City of Sioux Falls didn't live up to its promise of having a conditional use permitting process for the new store proposed...

Full Story | Watch
Unbridled Business

9/15/2014 10:10 PM

Most of us think of successful online retailers as being located in big cities.  But the truth is when your customers are on the Internet, you ca...

Full Story | Watch
Great Outdoor Store Recognized By National Magazine

9/17/2014 3:33 PM

Outdoor USA Magazine is giving high marks to a Sioux Falls store.

Full Story


Events