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—nearly half of what it was a year ago. Year over year inventory is a little less than 8% lower than last year for all areas. Home prices are pacing a little higher than the same time last year. Right now interest rates remain low but expectations are that they will gradually start to trend up slightly in 2022.
The newsletter also includes information on how you might be able to use your home equity to buy another property, 10 tips for creating a calmer and peaceful home, changing market trends, how lenders view tip income, 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 December 2021