Numbers are always extremely important to consider when buying, selling and financing a home. Each week, I receive a weekly market watch update providing the breakdown of the activity from last week. The report is provided by 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 brief market commentary this week:
“Below is a snapshot of how the market performed last week in comparison to the previous week and the weekly average for January. As you can see the number of active listings in the Greater Des Moines Area is 6,480. This number has been on a steady decline since reaching it peak for 2007 at 6,980 listings in September. Of these 6,480 listings 2,083 of them are new construction, 271 are proposed construction, and the other 4,127 are resales. Average days on market has also been on the rise the past few months. If you are looking to sell a home make sure to understand how pricing it correctly in this market can help you avoid sitting on the market for an extended period of time.”
I hope you continue to enjoy these updates as much as I do!
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Des Moines, Iowa – Real Estate Market Watch 2/25/08 – 3/2/08
Des Moines, Iowa – Real Esate Market Watch 2/11/08 – 2/17/08
Des Moines, Iowa – Real Estate Market Watch – Week of 3/17/08
