End Of Month Recap Number of Homes For Sale 3,335 – Down 14% Over Last Year On Average 30 New Listings Come On The Market Every Day While 39 Homes Go Under Contract 2,771 Homes Are Under Contract – Up 26% Over Last Year Over 1,000 Home Sales Closed In April Ending The Year To […]

July 23rd is the “out of inventory” date at the current pace of Pendings.

Did anyone notice that it was raining last weekend?  Obviously home buyers did not as 109 offers were accepted and turned in to real estate offices across the metro on Monday. That is the highest number of Pendings recorded on a single so far in 2015.

I wanted to show two weeks reports together so you can see how each week compares.  Remember, the week for this report begins on a Thursday, so the dip in the middle is the weekend.  Week 14 showed the Pendings barely break the 70 mark and this past week they broke 90.. This shows that […]

This report is posted by the 15th of each month for the previous months transaction activity.   Entire MLS Adel – Altoona – Ankeny – Bondurant Carlisle – Clive – Cumming – Des Moines Grimes – Indianola – Johnston – Norwalk Pleasant Hill – Polk City – Urbandale – Waukee West Des Moines – Windsor […]

Every day for the past 6 years, I record market data points from the MLS.  One of these points is the number of homes currently under contract, (also known as Pending Sales). Today, April 9th, the Des Moines Area Association of REALTORS® MLS recorded 2,334 homes under contract waiting to close. At no time since […]

A sign that we are beginning to build inventory.  This is the first time this year that new listings have taken over the daily count of pending transactions by this amount. Watch this graph next week to see if this trend continues.