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Des Moines Iowa Local Market Statistics

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Contracts
Written

Contracts
Closed

Median
Sale
Price

Avg. Days
on Market

Active Listings

June 2014

1,144

1,194

$175,000

79

4,040

July 2014

1,226

1,067

$165,000

87

4,087

June 2013

1,144

1,038

$170,000

84

4,147

 

       *Primary area served by DMAAR includes Dallas, Polk and Warren counties.

Home Sales Strong and Steady in Greater Des Moines Metro

Des Moines, Iowa - July 10, 2014 - If there's a phrase to describe this summer's home sales market in the Greater Des Moines metro that phrase would be rock solid according to trends and statistics published today by the Des Moines Area Association of REAL TORS®.

"Just when we think the market can't stay as strong as it's been - it gets a little better just to prove us wrong," says Scott Wend!, president of the Des Moines Area Association of REAL TORS®. "The days on market stat dropped even lower in June and now we're down to 79 days on average. Not only are houses selling faster but the median sales price jumped $10,000 from May to June, so they are selling for more money as well."

The Association's report shows that 1,144 contracts were written in June and 1,194contracts closed. The number of active listings stayed steady from May's 4,087 to June's 4,040.

Wendl went on to say, "In many ways, the market is nicely balanced right now for both the buyers and the sellers. We have lots of good inventory for the buyers to choose from but there's enough demand that houses are moving quickly for the sellers. The median sales price is $5,000 higher than it was a year ago, so it's nice to see home values on the rise but it's a slow and steady growth, which is more sustainable and better serves the interests of both buyers and sellers

The Des Moines Area Association of REALTORS® (DMAAR) is a professional association that represents the 1,500 Des Moines–area REALTORS® who are members. The mission of DMAAR is to be the voice of real estate in the Des Moines area. The term REALTOR® is a registered trademark, which identifies real estate professionals who adhere to a strict code of ethics as members of the National Association of REALTORS®.

Based on information from the DES MOINES AREA ASSOCIATION OF REALTORS® or its Multiple Listing Service for the period 06/08/14 through 07/08/14

 

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