Numbers are extremely important to consider when buying, selling and financing a home. Imagine what it would be like if there was simply a national weather forecast. Crazy thought huh? (Especially since it was 6 below on my drive into work today) It is also tough to have a comprehensive national real estate market report (although some folks get caught up in national statistics). This is exactly why I appreciate getting the Des Moines Market Update from Heather Barglof at Peoples Company. As I continue to get them, I will continue to post them (with her permission of course). Here is her breif market commentary this week:
Below is how the residential market in the Des Moines area performed last week. You can compare last week’s new listings, pendings, sales, etc, to those of the prior week and the weekly running average for Jan 2008 as well as Jan 2007. Sales have picked up from a month or so ago, but things are still moving slower than many of us would like to see. 2007 ended with sales seeing a 7% decline over 2006. On the positive side our inventory continues to decline. The National Association of Realtors expects that existing home sales will hold steady the next few months and then continue to improve in 2009.
I hope you continue to enjoy these brief updates. I know I do!
Related Posts
Des Moines, Iowa – Real Esate Market Watch 1/28/08 – 2/3/08
Des Moines Market Watch 1/21/08 – 1/27/2008
Des Moines, Iowa – Real Estate Market Watch 2/25/08 – 3/2/08
Des Moines, Iowa – Real Estate Market Watch – Week of 3/17/08
Real Estate Market Watch for Des Moines, Iowa / Week of March 31st, 2008
Des Moines, Iowa – Real Esate Market Watch 2/11/08 – 2/17/08
