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April 2014 Des Moines Market Snapshot

Welcome to the New Normal

The New Normal


With four months of 2014 under our belts, it is clear that the number of homes for sale at one time is going to remain lower than years prior to 2013.  There has been a bit of a surge during the last week of April, but the lower inventory is making buyers move quicker when searching because the odds are that the home they like may not be available tomorrow.

One area of our inventory that is seeing an increase well above last year is new construction.  As of April 30th, there are more new construction listings on the market compared to April 30th of the years 2010 through 2013.  There are currently 926 new construction properties for sale making up over 27% of all Active inventory on April 30th.

Where will we be at the end of May?  Only time will tell…


Click The Graphic Images Below To Download Full PDF

April 2014 Balance of the Market Report
April Des Moines Balance of the Market Report
April 2014 Inventory Breakdown By Type
April Des Moines Inventory Breakdown By Type
April 2014 Homes For Sale
April Des Moines Homes For Sale
April 2014 Pending Transaction Count
April Des Moines Pending Transaction Count
April 2014 Home Sales YTD
April Des Moines Home Sales YTD
April 2014 New Construction Inventory
April Des Moines New Construction Inventory
April 2014 Active, Pending, Sale Price Average
April Des Moines Act Pend Sale Price Avg

April 2014 Active Listings Vs Previous 5 Years
April Des Moines Active Vs Prev 5 Years

April 2014 YTD Price Point Avg Pricing
April Des Moines Price Point is your local resource for real estate market conditions and statistics in the Des Moines and central Iowa area.
Les Sulgrove is a licensed REALTOR® with Keller Williams Greater Des Moines and has been licensed to sell real estate in Iowa since 1990. If you are looking to buy or sell your home, contact Les today!

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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