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:
 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.
 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.
 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).
 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… 

September 14, 2026&mdash;9-10---It&rsquo;s Your Business&mdash;Show 53-30
((From the Blackburn Studios in Downtown Sioux Falls&mdash;Welcome to It&rsquo;s YOUR Business---
&nbsp;
(((MUSIC---Yee-Hah---))))
&nbsp;&nbsp; I&rsquo;m Bill Zortman and Welcome to our Monday It&rsquo;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---
&nbsp;
&nbsp;&nbsp; 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----
&nbsp;
&nbsp;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:
<ul>
<li>Median Sales Price:&nbsp;$330,000, reflecting a&nbsp;2.2% increase&nbsp;compared to $322,900 over the prior 12-month period.</li>
<li>Average Sales Price:&nbsp;$379,519, up&nbsp;3.0%&nbsp;from $368,584 in the prior period.</li>
<li>Pending Sales:&nbsp;370&nbsp;monthly average, representing a&nbsp;12.2% overall gain&nbsp;in contract activity across the region.</li>
<li>Closed Sales:&nbsp;370&nbsp;monthly average, down&nbsp;2.7%&nbsp;from 360 in the prior period.</li>
<li>New Listings:&nbsp;661&nbsp;monthly average, down&nbsp;2.1%&nbsp;from 647 in the prior period.</li>
<li>Days on Market Until Sale:&nbsp;89 days, up&nbsp;4.3%&nbsp;compared to 92 days in the prior period.</li>
<li>Percent of Original List Price Received:&nbsp;97.3%, a minor decline of&nbsp;0.5%&nbsp;from 96.9% in the prior period.</li>
<li>Housing Affordability Index:&nbsp;119, up&nbsp;0.8%&nbsp;from 120 in the prior period.</li>
<li>Inventory of Homes for Sale:&nbsp;2,020&nbsp;average active homes, up&nbsp;0.3%&nbsp;from 2,027 in the prior period.</li>
<li>Months Supply of Inventory:&nbsp;5.6 months, down&nbsp;1.8%&nbsp;from 5.5 months in the prior period.</li>
</ul>
Housing Supply Overview Highlights
These notable trends and storylines stand out:
<ol>
<li> The High-End &amp; Luxury Boom</li>
</ol>
<ul>
<li>The Story: High-end buyer demand is surging faster than any other market segment.</li>
<li>Key Data: Pending sales in the&nbsp;$700,000 to $800,000 price range soared 56.8%&nbsp;(jumping from 88 to 138 sales), making it the single strongest growth price tier.</li>
<li>Ultra-Luxury: Ultra-luxury homes ($1.5M to $2M) also saw a&nbsp;53.8% surge&nbsp;in pending sales.</li>
</ul>
<ol>
<li> New Construction Momentum</li>
</ol>
<ul>
<li>The Story: New builds are driving market growth and commanding top price points.</li>
<li>Key Data: Pending sales for&nbsp;New Construction jumped 18.5%&nbsp;(to 770 units), outpacing previously owned home sales (+11.1%).</li>
<li>Pricing &amp; Value: New Construction recorded the highest price gains, climbing&nbsp;4.6% to a median price of $386,900.</li>
<li>List Price Retention: Sellers of new construction are obtaining&nbsp;99.8% of their original list price&nbsp;on average.</li>
</ul>
<ol>
<li> Market Speed: Fastest vs. Slowest Movers</li>
</ol>
<ul>
<li>Fastest Sellers: Affordable starter and mid-tier homes in the&nbsp;$150,000 to $200,000&nbsp;range sold fastest, spending an average of&nbsp;83 days on market.</li>
<li>Slowest Sellers: Luxury properties in the&nbsp;$900,000 to $1,000,000&nbsp;tier moved slowest, taking an average of&nbsp;129 days.</li>
<li>Resale vs. New Build Pace: Existing homes sold in nearly half the time (averaging&nbsp;81 days) compared to new construction homes (161 days).</li>
</ul>
<ol>
<li> The Inventory Shrink</li>
</ol>
<ul>
<li>The Story: Buyers are encountering significantly fewer choices on the market.</li>
<li>Key Data: Active inventory fell&nbsp;24.3% market-wide.</li>
<li>Supply Breakdown: Single-family home inventory currently sits at a&nbsp;3.5-month supply, while condo supply remains higher at&nbsp;6.4 months.</li>
</ul>
&nbsp;
Among those joining us:
<ul>
<li>Kelly Kelly</li>
<li>Dave Kelly</li>
<li>Todd Boots</li>
<li>Jerry Berg</li>
<li>Joe Hansen</li>
<li>Janelle Cain</li>
<li>Craig Wynia</li>
<li>Steve Swenson</li>
<li>Jack Zika</li>
<li>Callie Wockenfuss</li>
<li>Teddie Mueller</li>
<li>Neil King</li>
</ul>
&nbsp;
9:16/00&mdash;KELO Commercials
9:17/30---Segment 2
-----2026---where we are &ndash;where we are going----
The Kelly&rsquo;s--------and-----
9:28/30---KELO Commercials
9:30/00---Fox Business News
9:32/00---Report Card Show---segment 3
-----Jack Zika&mdash;Callie Wockenfuss----Teddie Mueller&mdash;Craig Wynia
9:44/00---Kelo Commercials
9:46/00---Jerry Berg---Todd Boots&mdash;Joe Hansen---Steve Swenson-Tony Bachman----
9:54/30&mdash;KELO Commercials
9:56/00---Tony Bachman-----and others---closing show
-------our time is up&mdash;thank you for yours&hellip;&nbsp;

Bill Zortman brings entrepreneurs and community and state leaders together to talk about business.