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re: Current Housing Prices

Posted on 3/12/22 at 6:37 am to
Posted by HoustonChick86
Catalina Wine Mixer
Member since Dec 2009
57479 posts
Posted on 3/12/22 at 6:37 am to
My family owns a few rental properties in small town, South Dakota. We put a 2 bedroom, 1700 square foot home on the market the other day. Its a nice home, but not updated. Listed at $275k. Had a full price offer in an hour.

Bought our home for $330k in August 2019, Zestimate today is $508k, not including the massive outdoor kitchen and patio we built on. I couldn't afford to sell now and buy another home right now.
Posted by ItNeverRains
37069
Member since Oct 2007
25697 posts
Posted on 3/12/22 at 6:45 am to
quote:

Bought our home for $330k in August 2019, Zestimate today is $508k, not including the massive outdoor kitchen and patio we built on. I couldn't afford to sell now and buy another home right now.


My Zestimate is up $121.739 in the last 30 days. Our market has gone full retard. Less than 30 days inventory everything goes above list multiple offers.

Many folks are in your same boat. If you’re where you want to be though, it’s at least comforting knowing your home value is keeping pace with inflation.
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