Understanding the Headlines: Are Home Prices Really Dropping in Brookings?
Posted by Shane Andersen on
Lately, you’ve probably seen headlines talking about the median asking price of homes dropping compared to last year. This kind of news can cause confusion for buyers and sellers alike, making it seem like home values are falling. But here’s the deal: those headlines don’t tell the full story, especially in a market like Brookings, South Dakota, and the surrounding areas.
While it’s true that the median price has dipped, it’s important to understand what that really means before you jump to conclusions. Let’s break down the details so you can navigate the housing market with confidence, whether you're looking to buy or sell.
Why the Median Price is Lower—But Home Values Are Still Rising
The key to understanding this trend lies in the types…
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