What July’s Absorption Rates Reveal About the Black Hills Real Estate Market

If you’ve ever wondered when the “right time” to buy or sell real estate is, the answer may lie in a powerful but often overlooked metric: absorption rate.

As a seasoned real estate broker in the Black Hills, I track this data monthly to help my clients make confident, strategic decisions. July’s numbers are in—and they reveal key shifts in our local market that buyers and sellers alike need to understand.

🔍 What is Absorption Rate?

The absorption rate tells us how quickly homes are selling in a particular area, based on the current inventory. It helps determine whether the market favors buyers, sellers, or is in balance.

Why it matters:
Absorption rates help sellers know how to price, market, and time their listing for maximum return—and help buyers negotiate wisely and avoid overpaying.

📊 July 2025: Black Hills Market Breakdown

🔵 Spearfish

Right now, Spearfish is a strong buyer’s market. This means there are more homes available than buyers, giving purchasers more options and negotiating power. For sellers, this means strategic pricing and presentation are key. Select price points are showing signs of a balanced market, where supply and demand are even.

🟡 Rapid City

The market here is mixed. Some price ranges are leaning toward a buyer’s market, while others are holding balanced. It’s a smart time for buyers to explore their options—but also a solid opportunity for sellers who position their home well.

🔴 Sturgis

Sturgis continues to reflect a buyer’s market, giving those looking to purchase an advantage in terms of pricing and concessions. Sellers, however, can still succeed with the right pricing strategy and expert marketing.

💡 How You Can Use This Information

• Sellers: With the right strategy, you can list your property at the ideal price, attract serious buyers, and potentially sell faster—while maximizing your return.

• Buyers: Use current absorption data to target areas and price points where you have negotiating power, while avoiding bidding wars and overpaying.

📞 Let’s Talk Strategy

Whether you're actively in the market or just curious, I’m here to provide clarity. Reach out anytime for a no-obligation consultation and let’s make the market work for you.