Sioux Falls Home Sales Fall 26% in October

Closed sales and new listings both declined year over year in the Sioux Falls housing market last month.

Updated on Nov. 5, 2026 in Residential

Gouache-painted editorial illustration of a lone modest house on an open prairie under a pale autumn sky, evoking a cooling housing market. — Closed home sales in Sioux Falls fell 26 percent in October from a year earlier, while new listings dropped 17 percent to 365, the Realtor Association of the Sioux Empire reported. AI Illustration. Upload story photo >

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Closed home sales in Sioux Falls fell 26 percent in October 2026 compared with a year earlier, with 203 closed sales recorded. New listings decreased 17 percent to 365 over the same period, according to the Realtor Association of the Sioux Empire Inc.

Why it matters

The decline reflects a broader slowdown, as sales fell in all four U.S. regions and August and September were the two slowest months for home sales this year. Prices also softened, with the average and median sale prices both lower than a year ago.

The Realtor Association of the Sioux Empire Inc. reported 203 closed sales in October, down 26 percent from last year, and 365 new listings, down 17 percent. The report does not address what drove the decline or whether it will persist.

The players

Realtor Association of the Sioux Empire Inc.

A local realtor trade association that tracks and reports residential sales and listing data for the Sioux Falls region.

The details

Sellers received on average 96.8 percent of their original list price, and homes sold in about 83 days on the market. Housing inventory at the end of the month stood at a four-month supply, down from 5.6 months.

August and September 2026: the two slowest months for home sales nationally this year.
October 2026: Sioux Falls closed sales and new listings declined year over year.

Seasonal Patterns

The Sioux Falls October decline follows the national pattern in which sales fell across all four U.S. regions, with August and September marking the slowest months of 2026 for home sales. Local data thus tracks the broader slowdown rather than diverging from it.

Buyers may find more negotiating room, since sellers received on average 96.8 percent of list price and median prices fell 4.6 percent year over year. Sellers should expect longer time on market, averaging 83 days before a sale.