September 14, 2026—9-10---It’s Your Business—Show 53-30

((From the Blackburn Studios in Downtown Sioux Falls—Welcome to It’s YOUR Business---

(((MUSIC---Yee-Hah---))))

   I’m Bill Zortman and Welcome to our Monday It’s YOUR Business Show---one of the most popular shows we have aired each month for a number of years----the Report Card Show----with the collection of guests ---experts in the building, buying, selling and preparing to help make a smooth house transaction---

   Tony Bachman---has helped me along with a number of others to pull the notes for the show---the trends we are seeing----and from the reaction we have gotten----this show showed changed housing buying and selling not only in Sioux Falls but across South Dakota----

 Monthly Market Report: 12-Month Rolling Averages

For long-term trend analysis (spanning September 2025 through August 2026), the 12-month rolling averages provide a stable look at regional market performance:

• Median Sales Price: $330,000, reflecting a 2.2% increase compared to $322,900 over the prior 12-month period.
• Average Sales Price: $379,519, up 3.0% from $368,584 in the prior period.
• Pending Sales: 370 monthly average, representing a 12.2% overall gain in contract activity across the region.
• Closed Sales: 370 monthly average, down 2.7% from 360 in the prior period.
• New Listings: 661 monthly average, down 2.1% from 647 in the prior period.
• Days on Market Until Sale: 89 days, up 4.3% compared to 92 days in the prior period.
• Percent of Original List Price Received: 97.3%, a minor decline of 0.5% from 96.9% in the prior period.
• Housing Affordability Index: 119, up 0.8% from 120 in the prior period.
• Inventory of Homes for Sale: 2,020 average active homes, up 0.3% from 2,027 in the prior period.
• Months Supply of Inventory: 5.6 months, down 1.8% from 5.5 months in the prior period.

Housing Supply Overview Highlights

These notable trends and storylines stand out:

1. The High-End & Luxury Boom

• The Story: High-end buyer demand is surging faster than any other market segment.
• Key Data: Pending sales in the $700,000 to $800,000 price range soared 56.8% (jumping from 88 to 138 sales), making it the single strongest growth price tier.
• Ultra-Luxury: Ultra-luxury homes ($1.5M to $2M) also saw a 53.8% surge in pending sales.

1. New Construction Momentum

• The Story: New builds are driving market growth and commanding top price points.
• Key Data: Pending sales for New Construction jumped 18.5% (to 770 units), outpacing previously owned home sales (+11.1%).
• Pricing & Value: New Construction recorded the highest price gains, climbing 4.6% to a median price of $386,900.
• List Price Retention: Sellers of new construction are obtaining 99.8% of their original list price on average.

1. Market Speed: Fastest vs. Slowest Movers

• Fastest Sellers: Affordable starter and mid-tier homes in the $150,000 to $200,000 range sold fastest, spending an average of 83 days on market.
• Slowest Sellers: Luxury properties in the $900,000 to $1,000,000 tier moved slowest, taking an average of 129 days.
• Resale vs. New Build Pace: Existing homes sold in nearly half the time (averaging 81 days) compared to new construction homes (161 days).

1. The Inventory Shrink

• The Story: Buyers are encountering significantly fewer choices on the market.
• Key Data: Active inventory fell 24.3% market-wide.
• Supply Breakdown: Single-family home inventory currently sits at a 3.5-month supply, while condo supply remains higher at 6.4 months.

Among those joining us:

• Kelly Kelly
• Dave Kelly
• Todd Boots
• Jerry Berg
• Joe Hansen
• Janelle Cain
• Craig Wynia
• Steve Swenson
• Jack Zika
• Callie Wockenfuss
• Teddie Mueller
• Neil King

9:16/00—KELO Commercials

9:17/30---Segment 2

-----2026---where we are –where we are going----

The Kelly’s--------and-----

9:28/30---KELO Commercials

9:30/00---Fox Business News

9:32/00---Report Card Show---segment 3

-----Jack Zika—Callie Wockenfuss----Teddie Mueller—Craig Wynia

9:44/00---Kelo Commercials

9:46/00---Jerry Berg---Todd Boots—Joe Hansen---Steve Swenson-Tony Bachman----

9:54/30—KELO Commercials

9:56/00---Tony Bachman-----and others---closing show

-------our time is up—thank you for yours…