Click on the link below to view the Coldwell Banker Black Hills Legacy real estate market report for Rapid City and the Black Hills. The Black Hills home market remains strong and average days on the market are slightly higher than the past two years. The Rapid City and Black Hills home markets remain very tight with significantly fewer homes on the market. The low inventory—4% to 6% lower than the tight market a year ago–has kept days on the market low and prices slightly higher.
Interest rates for purchasing are excellent right now, with a fixed 30 year mortgage hovering right around 4%.
The newsletter also includes information on reasons to keep your credit good after buying a house, information on the importance of protecting escrow status from both the buyer and seller perspectives to prevent a failure to close, how to control the cost of a bathroom remodel, and more. It also includes the Black Hills happenings calendar.
As always, if you are looking at buying or selling a home and looking for the best Rapid City Realtor, give me a call at (605) 593-3759 and I will gladly help you.
Click here to read the Real Estate Market Report for July 2019