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Des Moines Real Estate February 2020 Wrap Up

Homes for sale counts started off with a brief rise but the buyers started coming out from their winter rest and bought up homes at a quick pace leaving inventory levels close to 3,400. This is evident by the steady rise in sale pendings during the month. With an average days on market in February of 50, both recently listed homes as well as homes that have been on the market since before Christmas have been selling. It’s always nice to see homes that have been on the market for awhile go under contract. One trend this year is the median sale price of homes staying below $200,000. That will probably change as we head into spring, but it’s a sign that the first time home buyers are driving the market the first couple months of the year.

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~Les Sulgrove, Vice President
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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