SALES DECLINED WHILE PRICES REMAINED STEADY The number of homes on the market in the Des Moines metro area rose again this past month, to 32.5% over this time last year, reported the Des Moines Area Association of REALTORS® (DMAAR). 2,989 properties were on the market in October 2022 compared to 2,880 properties in September 2022, while in October of 2021, there were 2,255 properties on the market.
Home sales dropped in October 27.6% compared to October 2021. 1,083 residential properties sold in October 2022 while 1,496 homes sold in October of last year.
The median sale price remained on pace with a slight 1% uptick when compared to October of 2021. $262,500 was the median sale price in October 2022. The average days on market calculated to 34 days.
Additional statistics and information about the Des Moines area housing market are available at the DMAAR Housing Stats web page.
Please remember I'd be happy to help with any real estate needs you or someone you know may have. Please contact me with any real estate needs and/or questions. I'd be happy to help!!! Make your home a Veldhouse!!