The results are in.  Rapid City did experience a slow down in home sales as the rest of the country did, but we were fortunate enough to be able to remain relatively stable and move right along.

The following graphs show the relationship in different marketing aspects over the past few years. 

The breakdown in my eyes...we see the number of homes available remain somewhat stable.  But the number of sold homes in 2009 is down 7% from 2008 and 22% from 2007.  However, the average sold price doesn't seem to be taking that much of a beating.  The average sold prices are down only 6% from 2007 and 2% from 2008.  And the days on market for these solds remains pretty steady.  So less business for us realtor peoples, but a market hanging on to its own.

Looking forward to a busy 2010.  I'm working with a number of buyers looking to buy before the April 30 tax credit timeline. 

Now's a great time to list!  I see more buyer activity out there (now that those Holidays are over).  Get it on the market before it gets too close to April!

Happy January!

Oh - and go Vikings! 

- Tristan

Tristan Emond
Prudential Kahler REALTORS
www.rapidhomesonline.com