What’s up with the housing market in Brandon, SD?

There is currently VERY LITTLE to NO inventory in Brandon for houses priced at $250,000 or Under. Seriously, if you’re a home buyer searching for a single-family home in Brandon and you have a budget of $250,000, you have nothing to choose from. Because of this market, what is listed for sale is going fast and selling at a premium.


LOW INVENTORY OF HOMES FOR SALE IS DRIVING THE PRICE HIGHER!

AND

Your Home’s Value Has Probably Changed                                                                                        CLICK HERE to get your Home’s Estimated Value in 15 seconds…

FullSizeRender (10)

We can comfortably consider the first quarter to have been a good start for residential real estate in 2017.

FullSizeRender (9)

Low supply and steadily rising rates and prices have been the story so far after the first quarter of the year zipped by. The storylines are not expected to change as we work our way into the busiest months of the real estate sales cycle.

The tight supply of homes for sale and rising prices may deter some would-be buyers. Higher prices and rising interest rates will weigh on affordability, forcing price gains to level off at some point this year. – Realtor Association of the Sioux Empire

WHAT’S MY HOME WORTH? CLICK HERE TO GET YOUR HOME’S VALUE IN 15 SECONDS…

 

Sources: REALTOR® Association of the Sioux Empire, Inc.  Brandon March 2017
All data from the RASE Multiple Listing Service. Provided by the REALTOR® Association of the Sioux Empire, Inc.