Des Moines Iowa Real Estate Market Recap – Week of May 18th

Tyler Osby — Wed, 27 May 2009 14:00:21 +0000

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:

“I hope you all enjoyed a nice relaxing Memorial Day weekend! The housing market in Des Moines is definitely staying very busy.

The Des Moines Register ran an article last week reporting that the housing market in Des Moines is showing some signs of a spring rebound. It was a pretty good article, but what I found most entertaining were the “comments” posted after the story on the website. One individual questioned why anyone would want to build a new house right now when “there is a steal on every corner.” To me that is pretty laughable, this person must not read my market watch every week right? This person may be surprised to find that in the last 60 days non-foreclosure homes sold at an average of 97% off list price.

Are there “deals” out there? Probably some. But for the most part, real estate in Des Moines has stayed pretty flat preventing us from those huge highs and lows seen across the rest of the country. So as you are out & about in your daily life, keep this info in mind, share with others, and if they argue with you, send ‘em my way “

- Heather Barglof, RE/MAX Real Estate Concepts

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!