What’s The Real Estate Market Doing?

Do you ever wonder how our real estate market is here in Des Moines? 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.

Why Should You Care?

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:

“Sales were a little slow last week, but our total inventory remains below where it was a year ago at this time.  It is no secret that sales have been slow, we are down 24% in the first half of the year compared to the same time last year.  However, the Des Moines Register reported last Saturday that sales prices dropped only 1.4% in June.  If you look at the numbers below the average price per square foot over the past 2 months has fallen only $1/ft to where it was last year at this time.  Many other areas of the country are hurting much worse than this, but Des Moines is still doing ok.

Like I say every week, if you are thinking of selling, don’t be discouraged, there are people still out there buying.  It is important though that you price your house in line with the market to get the best possible sales price.” – Heather Barglof, RE/MAX Real Estate Concepts

(Click to Hugisize)

What Does This Report Cover?

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!

We Love Great Information and Love to Give Great Information!

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.

Tagged as: Days on Market, Des Moines, Iowa, Pending Sales, Real Esate, Sold