Des Moines Area Housing Statistics for May 2026
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The Des Moines metro housing market continued to gain momentum in May, with rising inventory and steady sales signaling a healthy transition into the busy summer homebuying season, according to statistics from the Des Moines Area Association of REALTORS®.
"May's housing data reflects a market that continues to provide opportunities for both buyers and sellers," said Scott Steelman, president of the Des Moines Area Association of REALTORS®. "Inventory is expanding, giving buyers more choices, while sales activity and home prices remain strong. As we move into the summer months, these trends point to a balanced and active market across the metro."
An increase in active listings illustrated the strength of the incoming summer market with 4,130 active listings in May, a 4.7% increase from the 3,944 active listings of one year ago. Compared to April, active listings increased 5.7% from the 3,909 recorded at that time.
Closed sales remained steady in May with 1,435 transactions, a 2.3% increase from the 1,403 closed sales of one year ago. Month–over-month, closed sales jumped 16.3% from the 1,234 closed sales of April.
Pending sales continued subtle movement toward a busy summer market. The 1,481 pending sales represent a 2.3% increase over the 1,447 sales of May 2025. Monthly, pending sales slipped ever-so-slightly by 5.7% from the 1,571 pending transactions of the previous month.
Median sales price came to $306,000, a 2% increase from the $300,000 median sales price of one year ago. The metric saw a 3.7% increase from the $295,000 median sales price of April.
The 66 days on market in May represent an 8.2% increase from the 61 days recorded in May 2025, and a 7% decrease in days on market from one month ago.
Conventional financing accounted for 1,005 transactions, or 70% of all sales in May. Consumers paid cash for 204 transactions, or 14% of sales, while FHA loans were used in 117 transactions or 8.2% of sales.
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