Des Moines Preparing For End of Year Home Sales


November Update and Predictions of Final Sales In This Months Report

It’s that time of year when every days weather is a surprise. November went into the records as abnormally warm and windy. Home sales in the Des Moines market were typical this past month and now that Thanksgiving has come and gone, many home buyers are staying inside. Home inventory is beginning to build ever so slightly giving those buyers that are still looking a chance to take their time, a luxury not afforded to them most of this past year.

Please watch this months video market report as I am going to make some final predictions for December and year end as well as where we will be sitting on January 1st of 2018. This year has been a roller coaster ride for buyers and sellers alike and next year has all the makings of a repeat.

 

Months of Inventory By Three Categories

(Click Graph To Download)

Months of Inventory by $100K Price Ranges

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Homes For Sale Inventory Continues To Grow

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Pending Sales Remain Behind Last Year Pace

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Closed Transactions Less Than 500 Sales Away From 2016

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Balance Of Market Mirrors 2016

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~Les Sulgrove, Broker
VIA Group REALTORS


If you are interested in selling your home or purchasing a home, give me a call! I will help you determine your best strategy based on your local market data.

About Les Sulgrove

Les is an Iowa native born in Des Moines and raised in the southwest Iowa town of Bridgewater. He has been a resident of Des Moines since 1982 and has been married to his wife Linda for over 35 years. Together they have 3 grown children, 7 grandchildren and make their home on Des Moines south side. He has been a licensed REALTOR® since 1990 and is Vice President at VIA Group, REALTORS®. Les is the 2011 Past President of the Des Moines Area Association of REALTORS® (DMAAR) and received the award of Salesperson of the Year by DMAAR in 2007 for his involvement and service to the Association. Additionally, he is active at the Iowa Association of REALTORS® and serves on local, state and national committees. He also owns and operates the national technology networking group CyberProfessionals. This group of real estate professionals meets twice annually across the United States to learn from each other and share new marketing ideas with heavy emphasis on current and future technologies and their use in the real estate business. Les’ hobbies include golf, photography and sarcastic humor. He and Linda spend many Saturday mornings from Spring to Fall at the Des Moines Downtown Farmers Market. He enjoys spoiling his grandchildren at every opportunity.

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