NOTEBOOK: Home sales in Greater Des Moines area continue to be strong Friday, April 30, 2021 6:00 AM
Home sales in the Greater Des Moines area continued to be robust in March, with 1,256 residential properties sold, 19.5% more than a year ago, Des Moines Area Association of Realtors data shows.
The median sale price of a house sold in March in the Des Moines area was $234,100, nearly 9% higher than a year ago.
Houses sold in an average of 47 days; a year ago, houses sold in an average of 68 days.
Just 1,786 houses are on the market, 49% fewer than were available a year ago, according to association data. Typically, 3,000 or more houses are listed for sale in March in the Greater Des Moines market, which includes Polk, Dallas, Warren, Jasper, Marion, Madison and Guthrie counties.
Notebook: Home sales in Greater Des Moines area continue to be strong
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Notebook: Home sales in Greater Des Moines area continue to be strong
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.
Homes sales in Greater Des Moines area continue to be strong Thursday, April 15, 2021 10:38 AM
Home sales in the Greater Des Moines area continued to be robust in March, with 1,256 residential properties sold, 19.5% more than a year ago, Des Moines Area Association of Realtors data shows.
In February, 851 houses were sold.
The median sale price of a house sold in March in the Des Moines area was $234,100, nearly 9% higher than a year ago.
Houses sold in an average of 47 days; a year ago, houses sold in an average of 68 days.
Just 1,786 houses are on the market, 49% fewer than were available a year ago, according to association data. Typically, 3,000 or more houses are listed for sale in March in the Greater Des Moines market, which includes Polk, Dallas, Warren, Jasper, Marion, Madison and Guthrie counties.
The Des Moines metro is grappling with an imbalanced market in which far more people are looking to purchase real estate than there are homes available to buy.
It s presenting a difficult situation for would-be buyers and sellers. There s never been a better time to sell, with homes going quickly and for top dollar. But it s also difficult to purchase a home, fueling bidding wars among buyers who must make offers quickly or lose out.
As a result, many sellers are sitting out, reluctant to put their homes on the market to avoid the frenetic competition. It s a terrible funnel, says Gina Swanson, a metro Des Moines real estate agent with CENTURY 21 Signature Real Estate.