Rapid City housing sales sky rocket in 2013 - KOTA Territory News

Rapid City housing sales sky rocket in 2013

Posted:

by Barrett Phillips

Last year proved to be a great year for Rapid City's housing market.

Realtor, Jeremy Kahler said a combination of more home building and brisk sales in 2012 led to 2013's housing boom.

Kahler said interest rates were at 3.5 percent in 2013, which is the lowest in years. The total number of homes sold last year was up 13 percent from 2012.

"Now seeing it take back off again, it's definitely the confidence in people. Especially if it's their first home and they haven't gone through the process before. It shows it's a good market to invest in," said Kahler. 

Kahler added that 2013 was good for both buyers and sellers, although it favored sellers a bit more. 

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518 St. Joseph St.
Rapid City, SD 57701

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