The real estate industry in Sioux Falls is expanding, providing both opportunities and challenges for those looking to enter the field. With over 1,000 licensed realtors in the city, but only over 3,000 homes sold in the metro area last year, many realtors are struggling to make ends meet as the market becomes more competitive with limited supply and inventory. To succeed as a full-time real estate agent in Sioux Falls, one must be prepared to put in a lot of work, including making many calls and working long hours to build their business.
In Tea, the city is considering adding a large new multi-sport complex among other proposed improvements for its fast-growing Lincoln County community. The community is seeking public input on updates to its 2050 comprehensive plan, focusing on future zoning and community improvements largely to the west and south of Tea’s current city limits. The multi-sport complex would not only benefit the growing community but also attract visitors and special event business. While details are still being studied, the complex would be located west of where the Orthopedic Institute is currently under construction. In addition to the potential sports complex, major road projects are in the works to support the future 85th Street interchange. With these developments, Tea is poised for further growth and expansion in the years to come. To stay informed about the latest local business news, visit siouxfalls.business/.