Des Moines Home Sales Fall 24% in August

by Tyler Osby on September 22, 2008

Surprised?!!!

Yes, it’s true.  No, it shouldn’t be a surprise.

Each week, we see the housing stats and we’ve consistently seen the decline. Please, don’t let this surprise you.

Interestingly enough though, there is good and bad news with the statistics that the Des Moines Register reported last week with this report.

  • Good News First:  The average home sales price is staying consistent.  About $180,000.
  • Bad News Second:  The actual number of sales is lower this month (and year).

It’s obvious that sales aren’t going to be shooting through the roof.  However, I’m glad to hear that home prices are holding relatively strong.  It’s obvious that Iowa still has an extremely strong real estate market.  If you’re still trying to time the market, please read my previous post here.  You’ll see why I think you should strongly consider buying a home (especially with rates being at nearly 3 year lows).

Original Article from the Des Moines Register
Original Photo Kudos

Related Posts

Tagged as: down, Homes, Iowa, Real Estate, Sales

Leave a Comment

Previous post:

Next post: