10/08/2025
🏡 2025 Housing Market Update: What Buyers Should Know
Thinking about buying a home in the Black Hills? Here's what you need to know:
🔹 Interest Rates: Mortgage rates have dipped from their January peak of 7.04% to the mid-6% range. While not at historic lows, this is a more favorable environment for buyers compared to earlier this year.
🔹 Home Prices: Nationwide, home prices have seen a modest increase of 2.2% year-over-year as of September. While prices are rising, the pace is slower, offering potential opportunities for buyers.
🔹 Market Activity: With fewer homeowners selling due to locked-in low mortgage rates, inventory remains tight. This means competition for well-priced homes can still be fierce, but there are opportunities for those ready to act.
If you're considering buying in the Black Hills, let's chat! I can help you navigate the current market and find a home that fits your needs.
📩 DM me or call 605-206-1046 to start the conversation.
This summer’s housing market has been anything but hot. Expanding housing supply and slowing home price growth are giving buyers more options and negotiating power. Yet, despite this advantage, many are still putting homeownership on hold, betting on declining mortgage rates and prices. Inde