KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

Sioux Falls Housing Market On The Rise



Bookmark and Share

The real estate market is on the rise in Sioux Falls. With low interest rates and home prices increasing, some realtors are saying it's a great time to buy or sell a home.

Sale pending signs are a common sight for homes that are on the market in the Sioux Falls area.

“The percentages of listings that are coming on the market that are selling are going up and the days on the market are going down,” said Tony Ratchford of Keller Williams Realty.  

“We see that there are homes going pending everyday. Contracts are being written everyday. And we have contingent home sales. It’s just a great time to buy a property,” said Cathie Ogdie the president of the Realtor Association Of The Sioux Empire.

And with interest rates low, it's not just a buyers market.

“With these interest rates if you haven't bought a home, it's a good time to get a home,” said Ogdie.  

Perspective buyers will be able to buy more home with less money.    

“You can buy the same house and your costs are about half as much money as they were 5 years ago, 6 years ago,” said Ratchford.   

The housing market throughout the country had been struggling since it crashed in 2007 but Cathie Odgie feels the hosing situation in Sioux Falls has been resilient.

“The economy in Sioux Falls has always been a little different from what you heard about nationally,” said Odgie.  

And Ratchford has noticed an increase in the market over the past year.       

“It started last year about this time where we started to see it shifting a little bit. And, now definitely we are in a sellers market,” said Ratchford.

As more homes are built in Sioux Falls every week, realtors feel homebuyers and sellers should feel confident in the current market.
< Prev Story Back To Top Next Story >
     

Pierre Firefighters Rescue 6 Newborn Kittens

Firefighters in Pierre have rescued six newborn kittens whose mother stashed them ...

Gaming Commission Drafting Amendment Q Legislation

The South Dakota Commission on Gaming is moving on legislation to ...

Sioux Falls Will Host NCAA Women's Reg. Games

The NCAA has announced that Sioux Falls will be one of the regional sites ...

Services Scheduled For Former Fort Pierre Mayor  Nov. 20

Cherokee Man Pleads Not Guilty In Police Standoff  Nov. 20

Graco Recalls Strollers Over Amputation Hazard  Nov. 20

Group Calls On Hy-Vee Stores To End Tobacco Sales  Nov. 20

The Daily Scoop: 11-20-2014  story with video  Nov. 20

Project Encourages Veterans To Write Experiences  Nov. 20

SD Judge Limits Suspect In Death Of Peterson's Son  Nov. 20

USD, SDSU Fans Urged To Donate Food  Nov. 20

Child Hearing Aid Assistance To Begin Dec. 1  Nov. 20

3 Injured In Multi-Vehicle Ax. Near Lennox  Nov. 20

Life With Laura: TRX Training  story with video  Nov. 20

New Theatre Company In SF Takes The Stage  story with video  Nov. 20

Garage Goes Up In Flames In NW Sioux Falls  Nov. 20

Sioux Falls Home Damaged In Hit And Run  Nov. 20

Bishop Dudley House Called "Revolutionary"  story with video  Nov. 19

Rasmussen Indicted In Connection To Boyfriend's Death  Nov. 19

New Parking Ramp Coming To Downtown SF  story with video  Nov. 19

KDLT News Archive
     

Official:Dog Attack Kills Girl On Reservation

Authorities in South Dakota say a pack of dogs ...

3 Injured In Multi-Vehicle Ax. Near Lennox

Three people were taken to the hospital with serious ...

Fire Destroys Building In Mitchell

Fire has destroyed a building that housed farm ...

Rasmussen Indicted In Connection To Boyfriend's Death  Nov. 19

Iowa Couple's 10-Year Quest Comes Full Circle  story with video  Nov. 19

New Parking Ramp Coming To Downtown SF  story with video  Nov. 19

Garage Goes Up In Flames In NW Sioux Falls  Nov. 20

Life With Laura: TRX Training  story with video  Nov. 20

KDLT News Archive
     

Northern wins OT thriller iover SMSU

Seth Bachand scored 18 of his game-high 20 points in the second half and ...

USD women win big at Portland State

PORTLAND, Ore. – Margaret McCloud scored a career-high 22 points and grabbed ...

Vikes roll to big win over Dakota State  story with video

SIOUX FALLS, S. D. – Augustana men's basketball won ...

Ashley's 26 leads Augie past DWU  story with video  Nov. 19

SF Christian looking for 4th title in 5 years  story with video  Nov. 19

Lynx to stick together on links in college  story with video  Nov. 19

Scheels Plays of the Week from November 10th-16th  Nov. 19

Shockers, Marshall enjoy win at Pentagon  story with video  Nov. 18

KDLT Sports Stories
     
Back To Top