06/09/2026
📊 Sioux Falls Real Estate — MAY 2026 Market Update
Here’s what the latest numbers are telling us about our local market:
🏡 Median Sales Price: $345,000 — up 4.5% from last year
📈 Pending Sales: 909 — a massive 101.6% increase year-over-year
📦 Inventory: Down 33.5% to just 1,466 homes
⏱️ Months Supply: Only 3.4 months (down 43.3%)
💰 Sellers receiving 97.5% of original list price
What does this mean for YOU?
✅ SELLERS — This is still a strong market. Low inventory means less competition and motivated buyers.
✅ BUYERS — Demand is surging. Getting pre-approved and working with the right agent is more important than ever.
Whether you’re thinking about buying, selling, or just curious about your home’s value — let’s talk!
📲 605-251-5634
🏠 Ermias TMariam | Keller Williams
Data source: REALTOR® Association of the Sioux Empire (RASE), May 2026