Des Moines Real Estate Market Watch

Beautiful Photo Of Des Moines

Do you ever wonder how our real estate market is here in Des Moines, Iowa? Unfortunately, we spend a lot of time listening to how rough things are in other cities around the country, but too often we don’t really consider what our real estate climate is like.

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 professional, 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:

“Things are still a little slower than what they have been, but I think you can attribute some of that to people vacationing around the 4th of July. Our active listings remains lower than what is was last year at this time which is promising for sellers. If you are thinking about putting your house on the market now is a great time to do so because we are still seeing lots of buyers out there this summer. As we move into fall and the holidays traffic will definitely begin to diminish. As you are thinking about listing your home keep in mind the number of houses that are listed each week in your price range in comparison to the number of houses in that same price range that are getting offers. Your house needs to stand out above the rest and if you have any questions about how to do that, please contact me.” – Heather Barglof

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Why Does This Chart Matter?

I really enjoy this chart because it gives a breakdown of:

Days on the Market
Price Per Square Foot
Number of New Listings
Number of Expired Listings
Number of Price Reductions
Pending Home Sales (by price)
New Home Sales (by price)
All Active Home Sales (by price)
Best of all, it compares this week vs. last week and last year!

This is a great chart. I’m not a Realtor and would never try to take the place of one. If you’re looking for statistics in your specific neighborhood (because your neighborhood is the only one that matters when you’re selling), I can help connect you with the right Realtor for the job!

Are You Currently Buying or Selling a Home?

If you’re currently in the process of purchasing or selling a home, please don’t hesitate to get in touch with me. I’d love to give you a quick mortgage review to make sure you’re getting the right advice.

Are We Drinking The Same Kool Aid?

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!

I Know Stuff

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

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