July 13, 2026—9-10---Remodelers Show----Show 52-65

((((From the Blackburn Studios in Downtown Sioux Falls—Become a BLACKBURN PROTECTED HOME!!

((((MUSIC THIS OLE HOUSE))))

(((YEE HAH---I’m Bill Zortman and Welcome to our Remodelers Show---Show 52-65 in our ORIGINAL IT’s YOUR Business Series))))

   For a fifteen or so years---on the first and second Monday’s of the month we bring together leadership from the Home Builders and Realtors Association as well as others to talk about the Report Card Show numbers on the first week of the month---and the Remodelers Show on the 2nd Monday of the month.

   The same is true today---

to Todd, Neil, Dave, Kelly, Ron, Kelly, Teddi, Steve, Jerry, Jannelle, Joe, Norm, Craig, Callie, Jack, me

Bill here is cliff notes for tomorrow’s show:

June 2026 The Big Picture – Sioux Empire Overview

• The Headlines: Start with the "wow" factor. Pending Sales in the Sioux Empire area are up 31% year to date in 2026.  This surge suggests a wave of buyer activity hitting the market.
• The Price Point: Home values continue to climb. The Median Sales Price for June hit $339,900, which is a 4.6% increase over last year. If you look at the year-to-date figures, the median price is up 4.5% to $335,346.
• Median Sales Price Comparison New Construction: The median price for a new home rose to $385,500, marking a 5.3% increase from the previous year.
• Previously Owned: The median price for a pre-owned home was $320,000, a more modest 2.2% increase.
• Overall Market: For context, the overall market median (including both types) was $330,838, a 3.4% gain.
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• Sales Volume: Despite the high interest in pending contracts, Closed Sales were actually down 2.1% year to date for 2026. This lag between contracts and closings is something to watch in the coming months.
• National Context: For context, the National Association of REALTORS® (NAR) reported that national existing-home sales rose 3.2% month-over-month, hitting their highest level since late 2025. While the Sioux Empire is seeing a dip in closed sales, our price growth remains steady.

The Inventory Crunch & Market Speed 

• The Supply Gap: The biggest challenge for buyers right now is the lack of options. Inventory of Homes for Sale dropped a staggering 30.5% to just 1,531 homes.
• Months’ Supply: We are currently sitting at a 3.6-month supply of inventory, down 39.0% from June of last year. A "balanced" market is typically around 6 months, so we are still firmly in a seller's market.
• Market Speed: Homes are still moving at a steady clip. Days on Market Until Sale remained flat at 86 days, exactly where it was last year.
• The Negotiating Table: Sellers are getting very c
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•  lose to what they ask for. On average, they received 98.1% of their original list price, a slight increase of 0.3% over last year.

Biggest Decreases in Months Supply

Supply levels—which measure how long it would take to sell all current inventory at the current sales pace—tightened most severely in these areas:

• Dell Rapids: Faced the most significant supply crunch with a 68.4% decrease, leaving only a 1.2-month supply.
• Garretson: Followed closely with a 67.2% decrease, resulting in a 1.9-month supply.
• Canton: Supply dropped 60.0% to a 2.6-month supply.
• Hartford: Saw supply fall 58.1% to 3.6 months.
• Madison: Experienced a 57.1% decrease, ending the month with a 3.9-month supply.
• Baltic: Supply decreased 56.0%, leaving just 2.2 months of inventory.

Property Types: Single-family detached homes remain the strongest property type in terms of sales activity. For single-family homes, there is only a 3.1-month supply left on the market.

---Tony Janelle-- ---and others---what you see now that we are in mid-July-----who’s out there---what should we notice----

    The trends---who’s buying----and other trends

----Banking—the Kelly’s-----

----Jerry Berg----Todd Boots—Craig Wynia---Joe Hanson Norm Anderson

 ---Teddi Mueller---

---what’s ahead-----and anything else the group has this morning----

------my time is up—thank you for yours