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SIOUX FALLS, S.D. (AP) Real estate agents says the hot housing market in South Dakota's larger cities has spilled over to the state's more rural areas. While the competition is the highest in Sioux Falls and Rapid City where prices have increased about 20% over last year, the rural real estate market is also changing. ....
Demand exceeding inventory, realtors say Written By: Erik Kaufman | × A sale pending sign in front of a home in Mitchell. Homes are a hot item in Mitchell at the moment, with demand exceeding local inventory, according to local realtors. (Matt Gade / Republic) If home is where the heart is, it seems a lot of people are following their heart to Mitchell. For sale signs dot the front yards of houses throughout the community, with many already sporting updates that a sale is pending. In fact, of the 56 homes listed for sale in Mitchell, 40 are considered sale pending, leaving only 16 homes unattached to a buyer as of Friday morning, according to Micah Volmer, responsible broker for Fischer Rounds Real Estate in Mitchell. ....