Number of homes for sale drastically declines - KOTA Territory News

Number of homes for sale drastically declines

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The number of homes for sale in Rapid City has decreased dramatically, meaning good news for sellers.
 
Marty Wilcox a Broker Associate with Coldwell Banker Realtors says as of Monday there are around 550 homes for sale in Rapid City, that's half as many as this time last year.

Wilcox says that means more people are moving in than out, which makes housing tight.

He also says sellers are starting to see multiple offers when selling their home, if the price is right, and that a sellers market may be in our future.

"I'd say we're heading in the right direction, that's for sure. If you're in the market to sell your house, if you're going to sell your house, now is the perfect time to put it on the market, because inventory is low, and there are plenty of buyers out there," says Wilcox.
 
Wilcox says 1,600 homes sold this past year, the most active price being between $150k and $250k.

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