Des Moines Iowa Real Estate Market Recap – Week of December 29nd, 2008 - Des Moines, Iowa Mortgage

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.

Do YOU Need Help?

As a mortgage professional, I cannot sell real estate. I can however help you connect with a Realtor. If you are looking for some answers, I’d be happy to introduce you to someone who can help! No question is silly or too off the wall.

I can also reach out to my connections throughout the country if you’re looking for real estate outside of Iowa. So please, feel free to contact us, we’d love to help!

Why Should You Care About Statistics?

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:

“Remember that active listings is down under 5500 and at one time it was over 7100. That means that selection is declining, but houses are priced much more reasonably than they were a year a or so ago. There are great deals to be had out there and I would love to help you find them. Please let me know if you have any questions about buying, I have put together a great handbook that I would love to share with you.

Back to the statistics…. We rounded out December with 438 sales which sat on the market an average of 97. In December of 2007 we had 547 sales and saw an average days on market of 95. While sales are a little slower than last year, rates are fantastic which means that all of you on the fencing should be snatching up houses while you can, don’t forget about the huge $7500 tax credit for first time home buyers”

– Heather Barglof, RE/MAX Real Estate Concepts

Real Estate Market Watch

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 .