As we approach Labor Day 2024, it’s important to recognize and celebrate the hard work that drives our community forward. Whether you're in construction, remodeling, or any other industry, your efforts are what make Sioux Falls a vibrant place to live. This year, there's even more reason to celebrate as new construction sales have surged by nearly 29% in July alone!

The Meaning of Labor Day: Labor Day has its roots in the labor movement of the late 19th century, when it was established as a federal holiday to honor the contributions of American workers. President Grover Cleveland made it official, and today, it’s a day to relax and reflect on the hard work that continues to shape our nation.

In Sioux Falls, we see the fruits of this labor everywhere – from new homes rising on the skyline to renovations breathing new life into older neighborhoods. This year, the local real estate market has seen a remarkable boost, with new construction sales up by 28.9%. This is a clear sign that our community is growing and thriving.

Why the Surge in New Construction? Several factors have contributed to this growth in new construction sales. First, there’s a significant demand for housing as more people relocate to Sioux Falls for its strong job market, quality of life, and community spirit. Additionally, builders have been working tirelessly to meet this demand, completing projects and adding new inventory to the market at a rapid pace.

This surge is not just good news for builders and developers, but also for buyers and sellers. For buyers, it means more options and opportunities to find a brand-new home that meets their needs. For sellers, it could mean a chance to sell quickly and at a great price, as demand remains high.

Opportunities in the Current Market: If you're considering buying or selling a home, now is the time to act. With new construction booming and existing homes being remodeled and prepared for sale, there are opportunities around every corner. The key is to work with a real estate professional who understands the market dynamics and can help you navigate the process.

At Century 21 Advantage, we're here to help you make the most of this exciting time. Whether you're looking to buy a new home, sell your current one, or just explore your options, we’re ready to assist you every step of the way.

This Labor Day, as we honor the hard work of all those who contribute to our community, let’s also take a moment to recognize the opportunities that come with it. The growth in new construction sales is just one example of how Sioux Falls is moving forward, and we’re excited to be a part of it.

Ready to explore your real estate options? Contact David Shelton at (605) 906-8976 today and let's discuss how we can help you achieve your goals.