Top Medium Teams in South Dakota – Ranked by Volume
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|Rank – State Volume||Team Name||Company||Location||Volume||Profile|
|1||Kahler Team||Keller Williams Realty Black Hills||Rapid City, SD||$147,561,712||View Profile|
|2||Christians Team Real Estate||Keller Williams Realty Black Hills||Rapid City, SD||$64,793,740||View Profile|
|3||The Tony Ratchford Group||Keller Williams Realty Sioux Falls, SD||Sioux Falls, SD||$58,224,489||View Profile|
|4||Faith Lewis Realty||Keller Williams Realty Black Hills||Rapid City, SD||$48,603,515||View Profile|
|5||Kelly Howie Team||RE/MAX Advantage||Rapid City, SD||$46,701,672||View Profile|
|6||BB Realty||Keller Williams Realty Sioux Falls, SD||Sioux Falls, SD||$29,906,530||View Profile|
|7||Greg Doohen Realty Group||Keller Williams Realty Sioux Falls, SD||Sioux Falls, SD||$29,491,321||View Profile|
|8||Dave Mettler Team||Keller Williams Realty Sioux Falls, SD||Sioux Falls, SD||$25,286,112||View Profile|
2022 Market Summary
South Dakota started 2022 with a total of 755 single-family homes on the market, with a median home price of $349,900 and an average price per square foot of $210. By the end of the year, inventory had increased to 1,557 homes on the market (+106%), with a median home price of $405,000 (+15%) and an average price per square foot of $218 (+3%).
At the start of 2022, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 91 days.
South Dakota started the year with 14% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 21% of South Dakota homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that South Dakota started 2022 as a strong seller’s market, with an MAI score of 49; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.
This market summary is powered by Altos Research – click here to run a free report for your area.
A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found.
Housing Market News
More than one-third (36%) of Hispanics and 32% of Blacks reported facing discrimination when searching for a home.
Frequently Asked Questions
How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
View the full Rankings FAQ page here.
South Dakota News
It’s clear that The Real Brokerage is in growth mode. The firm announced its entrance into South Dakota on Thursday, less than two weeks after announcing the addition of two mega teams. With this launch, Real now has operations in 47 states and four Canadian provinces. The South Dakota operation will be led by Josh […]