Home Local News SIOUXLAND HOUSING MARKET REMAINS STRONG IN 2016

SIOUXLAND HOUSING MARKET REMAINS STRONG IN 2016

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2016 will soon end as another banner year for housing in the Sioux City area.

Kevin McManamy, president of United Real Estate Solutions, says as of Monday, the number of homes sold in the Sioux City area is up 3-point-4 percent or 58 properties, when compared to the same time last year:


OC………strong this year. ;10

McManamy says new local industry growth is helping to fuel the strong housing market:


OC………for us. ;21

McManamy says historically low mortgage rates have helped fuel a sellers market where the median sell price on a local residential property is nearly 12 percent higher than in 2015:


OC……..end of the year. ;13

The average time a house spent on the market is 53 days, which is 11 days less than the year before.


OC………on single properties. ;10

Most sellers continue to receive more than 97 percent of the asking price on their property.

McManamy says 1775 homes have been sold locally so far in 2016.