My Property Search

Login

Des Moines Iowa Local Market Statistics

Loading Property Compare

 

 

Contracts
Written

Contracts
Closed

Median
Sale
Price

Avg. Days
on Market

Active Listings

July 2014

1,081

1,172

$175,000

75

4,092

June 2014

1,144

1,194

$175,000

79

4,040

July 2013

1,141

1,090

$172,000

83

4,247

 

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

Summer heat keeps sales sizzling in Greater Des Moines metro

Des Moines, Iowa - August 12, 2014 - If you see a house you might like to buy in the greater Des Moines metro - you'd better act quickly because they're going fast according to trends and statistics published today by the Des Moines Area Association of REAL TORS®.

"Our days on market statistic is down to 75 days, which means buyers don't have a lot of time to ponder.  If they see something they like, they'd better put in a solid offer quickly.  Homes that are in good condition and staged to sell are selling in a matter of days not months," says Scott Wendl, president of the Des Moines Area Association of REALTORS®. "The good news for the sellers is that they're not having to compromise on price to get these quick turnarounds.  Our median sales price is holding steady at $175,000.

The Association's report shows that 1,081 contracts were written in July and 1,172 contracts closed. The number of active listings rose slightly from June''s 4,040 to July's 4,092.

Wendl went on to say, "One trend we're keeping an eye on is the new construction.  There's been a resurgence of new projects starting up and that means we'll see an influx of inventory as those new homes are completed.  We're also seeing an uptick in the build to order market.

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

 

Des Moines Real Estate | West Des Moines Real Estate | Ankeny Real Estate | Waukee Real Estate | Altoona Real Estate | Clive Real Estate
Urbandale Real Estate | Johnston Real Estate | Bondurant Real Estate | Grimes Real Estate | Indianola Real Estate | Lake Panorama Real Estate

©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.

Built and powered by Constellation Web Solutions