The real estate field in Sioux Falls is experiencing growth as the housing market expands. However, for those looking to enter this industry, there are both opportunities and challenges. With over 1,000 licensed realtors in Sioux Falls, but only 3,000 homes sold in the metro area last year, many realtors are selling very few homes each year. This competition is making it more difficult for newcomers to break into the market. To succeed in this field, aspiring real estate professionals need to be prepared to work hard and put in long hours to build their business.
When choosing a real estate agent, buyers and sellers should consider an agent’s activity in the market. Agents who are not regularly doing deals may not have the necessary knowledge and skills to negotiate effectively or price properties correctly.
In Tea, a growing community in Lincoln County, there are plans for major developments such as a multi-sport complex and road projects that will support future growth and expansion. The community is seeking public input on updates to its 2050 comprehensive plan, with a focus on zoning and community improvements west and south of Tea’s current city limits. The multi-sport complex will not only benefit the growing community but also attract visitors and special event business.
Tea is positioned for further growth due to these developments, making it an attractive place for businesses looking for opportunities. To stay informed about the latest local business news in Sioux Falls and surrounding areas, visit siouxfalls.business/.
