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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

Nov.2014

729

755

$162,000

81

3,574

Oct. 2014

882

1,021

$161,500

85

3,842

Nov. 2013

790

727

$160,000

84

4,020

 

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

HOMES SELLING FASTER AND FOR A HIGHER PRICE IN THE GREATER DES MOINES METRO


Des Moines, Iowa -  December 10, 2014 - Despite the seasonal slow down in home
sales this last month, when someone does list their home, it's selling faster and for
more money than the previous month, according to trends and statistics published
today by the Des Moines Area Association of REALTORS®.


"We're experiencing the seasonal lull that happens every fourth quarter as the
holidays approach," says Scott Wendl, president of the Des Moines Area Association
of REALTORS®. "But the homes that are listed are moving quickly so we know
buyers are still out there, looking."


The Association's report shows that 729 contracts were written in November and
755 contracts closed. The number of active listings decreased from October's 3,842
to November's 3,574.


Wendl went on to say, "Despite the overall sales slow down, there are lots of healthy
indicators in this month's stats. Median price continues to rise and the days on
market average continues to drop. Both of these figures should be encouraging to
people who are considering putting their home on the market in the next month."


62% of metro homebuyers financed a home using conventional financing in
November, while 11% used an FHA loan. Cash purchases made up 19% of the
transactions, and 8% used alternative financing methods.
Additional statistics and information about the Des Moines housing market are
available at the DMAAR website, www.BuyNowDSM.com.


The Des Moines Area Association of REALTORS® (DMAAR) is a professional
association that represents the 1,700 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 ofthe National
Association of REALTORS®.

Based on information from the DES MOINES AREA ASSOCIATION OF REALTORS®

 

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©2014, Coldwell Banker Mid-America Group, REALTORS - Serving Des Moines area. Licensed in Iowa. Equal Housing Opportunity. West Des Moines, Iowa. The Coldwell Banker name and trade mark are licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

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