Activity has been rebounding here in Rapid City. We see the average price of homes are catching up to last years' numbers. Days on market remain a bit longer, but homes are selling and buyers are out looking. The first time homebuyers are definitely influencing the market - as 308 out of 506 homes sold this year (as of June 15) were under the $200,000 mark.
Here are the stats from as of June 1, 2009:
This representation is based in whole or in part on data supplied by the Black Hills Association of REALTORS or its Multiple Listing Service. Neither the Association not its MLS guarantee or is any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.
Not a bad time to buy or sell!
Have a great day!
-Tristan
Prudential Kahler REALTORS
www.rapidhomesonline.com
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