Des Moines, Iowa – Real Estate Market Watch – Week of May 19th, 2008

by Tyler Osby on May 29, 2008

I’m a fan of having as much information available before I take action on any big decisions.  I don’t know about you, but I think buying or selling a home is a pretty big deal.

As a blogger and mortgage guy, when I receive good information – I pass it on.  Home listings and sales are an interesting set of information most of us don’t have super easy access to.  Thankfully, I have a realtor that hammers me with e-mails (Just kidding, I don’t mind them) on market updates and her opinion on where things are at.

Whether you’re looking to purchase, sell or refinance a home – this stuff matters.  These statistics are compiled from the Multiple Listing Service and cover the Des Moines, Iowa residential real estate market.

With her permission, I post the facts here so you can come up with your very own market opinion.   Here’s this week’s market commentary:

“Traffic overall looked a little slow, which isn’t too surprising heading into a holiday weekend.  I felt like I saw a lot of people out looking though this past weekend, which will hopefully lead to some more offers this week.  I feel as though each week my market watch may seem a bit gloomy so I’m choosing to share some promising information with you this week.  According the Des Moines Association of Realtors we ended April with 767 sales which is up 29% from March.  The average transaction price was also up over $10,000 from March.

Also a note about days on market – It is definitely higher than what it once was, however a large contributing factor in that figure is new construction.  Many builders list their house when it is in the framing stage and stays on the market throughout the building process.  This can be well over 100 days.  Many homes that are priced right and show well are still selling within the first 30 days of putting it on the market.”

Heather Barglof, Peoples Company

Des Moines, IA Market Watch 5/19/08 - 5/25/08

If you’re a super cool person and have any market statistics you think our readers would find valuable, please feel free to contact me. If it’s relevant, It’ll show up here!

If you’re looking for my professional opinion or looking for a comment (press related), please contact me here.

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