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 the same for all areas, showing a slight slowing trend. Home prices are pacing a little higher than the same time last year. Right now interest rates remain relatively low but are starting to trend up slightly.
The newsletter also includes information on what to do if you are priced out of buying a home, understanding loan-to-value ratios, how student loans affect your ability to buy a home, credit inquiries—hard and soft pulls, 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 November 2021