Fannie Mae Predicts -21% for 2023 | Rapid City Real Estate News 11/22/2022 with Christian Morrison

Fannie Mae Predicts -21% for 2023 | Rapid City Real Estate News 11/22/2022 with Christian Morrison
I get questions about the Real Estate market multiple times a day in Rapid City.

I decided to create a weekly show to discuss everything that is happening in the market here locally, and hopefully answer some of your questions!
Feel free to drop a comment on anything else you would like me to cover.
See a list of all new houses on the market here: bit.ly/3v8bipz
This week's numbers:
18 new houses hit the market (med price $281,450)
1 of the new houses are currently under contract (have an accepted offer)
18 houses sold (med sold price $373,100, med list price $369,950)
186 Total active houses (med price $391,500)
The average number of days on the market (until an offer is accepted) is 25 days
Today's Interest rates are 7.32%
$300,000 and Under: 42 Listings, (med price $219,450)
$300,000-$500,000: 94 Listings, (med price $389,900)
$500,000 and up: 51 Listings, (med price $785,000)
Feel free to contact me anytime if you have any questions on the Real Estate side of things.
Schedule a call with me: calendly.com/c...
Christian Morrison
Keller Williams Realty Black Hills
605-941-2215
[e-mail]
Christian-Morrison.com