Thinking of Selling Your Home?
Sioux Falls Homes for Sale
Is 2020 the year to sell your house? As your top-selling real estate team in South Dakota, we believe in reviewing all the factors to help you make the best decision possible depending on your individual needs. One of the main factors we’ve noticed over the years centers around mortgage interest rates. So far, 2020 has started off stronger than the previous year. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%, depending on the day or week you view.
Another important factor is what stage of life you’re currently in. This can range from first time home buyers to empty nesters. In South Dakota, the market is great for sellers based on current market conditions. The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This data points to a specific stage of life, starting a family. As younger generations - sometimes known as Millennials - get closer to marriage and starting a family they start looking for homes vs apartments or condos.
In the Sioux Falls market, demand for housing is high, but supply is extremely low. NAR also just reported that the actual number of homes currently for sale stands at 1.42 million, which is one of the lowest totals in almost three decades. Additionally, the ratio of homes for sale to the number purchased currently stands at 3.1 months of inventory. In a normal market, that number would be nearly double that at 6.0 months of inventory.
Buyers need to remain patient in the search process. At the same time, buyers must be ready to act immediately once they find the right home for sale in Sioux Falls, Brandon, Harrisburg, Tea, and surrounding communities.
Supply vs demand is a good thing for anyone looking to sell their home in Sioux Falls. Waiting too long to put your home on the market could mean losing dollars. The perfect time to sell your home for the maximum amount or value is now.
Our proven approach has allowed Amy Stockberger Real Estate to be the #1 real estate team in South Dakota. We have a proven method to connect buyers and sellers through bold marketing and strategic advertising. Our listings sell for the highest dollar in the shortest amount of time. We believe you deserve a lifetime home support team that helps you every step of the way. We have numerous programs and resources available to help you sell your home for top dollar and a short amount of time.
- Michelle Nett