Here are the latest stats on the Des Moines area housing market.

Today we’re going to go over the most recent stats from the Des Moines area. 

Sales increased 3% from August 2020 to August 2021. It went from 1,628 homes sold to 1,678 homes sold today. To put that in perspective, only 1,291 properties were sold in August 2019. The median sales price also increased 6.25% from $240,000 last year to $255,000 this year.

Last month, we had 2,086 properties on the market, but this month, that number rose slightly to 2,173. In August of 2020, there were 2,654 properties on the market, but before the pandemic, it was common to have 3,500 to 4,200 homes on the market during the summer months.

“Homes are still selling quickly, but we’re getting closer to a balanced market.”

DMAAR President Ted Weaver has said, “We definitely saw a bit of a slowdown in August. Typically, the market tends to see a gradual decrease in activity as school restarts and families settle into their new routines. With that said, homes are still selling in less than a month in most cases. Our inventory continues to creep higher which will give our buyers more choices and bring us closer to a balanced market.

If you have any questions about the stats I just shared or are looking to buy a home, feel free to call me. I’d love to hear from you.