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.


77° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Most Popular Today


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

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Car vs Bus Crash Injures Two Teens

8/26/2014 6:00 PM

Two Iowa teenagers are hospitalized after colliding with a school bus early Tuesday morning.  It happened just east of Inwood on 240th Street at ...

Full Story | Watch


Events