Snapshot Of The Des Moines Market October: November

Posted by C21 Marketing on Monday, December 17th, 2012 at 10:40am

According to the Des Moines Area Association of REALTORS the Des Moines housing market is likely to end the year with the number of accepted offers up 17% over 2011. More homes are being sold and at a slightly higher price, while inventory is decreasing. This creates a more even buyer/seller market for the Des Moines metro. The average number of days on the market for the month of November was 98 days, down 7.5% from November 2011 when it was 106 days. (More on Iowa sales and prices

Another interesting statistic shows 55% of metro buyers used conventional financing in October while 17% used a FHS loan. The remaining 27% was split into 21% cash purchases and 6% using other financing. (More)

 
 
Sales from November 2011 to Novembers 2012 – Up 9%
Listings from November 2011 to November 2012 – Up 1.1%
More on Iowa Housing Trends

 

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