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 very strong and average days on the market is very low. Year over year inventory is running over 12% lower for all areas, showing a slight slowing trend. Home prices are pacing higher than the same time last year. Right now interest rates remain near record lows—just a shade below 3% for a 30 year fixed mortgage.
The newsletter also includes information on how inflations affects real estate, open shelving in the kitchen, buying and financing investment real estate with family and friends, simple tricks to make your bathroom feel like a spa, and more.
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 August 2021