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Des Moines Real Estate Statistics Week Ending 6-12-09

From The Des Moines Area Association of REALTORS®

salesup New home sales up 21% in May in Des Moines area  

Des Moines, Iowa – June 11, 2009 – The summer home-buying season is off to an active start in the Des Moines area: Figures from May show that home sales were up 21% over April sales.
A report published today by the Des Moines Area Association of REALTORS® shows 694 contracts for home purchases were closed in May, continuing an uptrend from 572 closed contracts in April. The report also shows that the average sale price of a Des Moines–area home was $182,233, up 23% over the previous month. Additionally, the median home price is $150,000, a 7% increase over April.
“We are starting to see the impact of the First-Time Homebuyer Tax Credit incentive. As this trend continues, we’ll see sellers turn into buyers looking to move into a larger home,” says Kurt Schade, president of the Des Moines Area Association of REALTORS®. “There’s never been a better time to buy a home in the Des Moines area.”
An $8,000 homebuyer tax credit is currently available for a qualified purchase of a principal residence by a first-time homebuyer until Dec. 1, 2009. The new tax credit does not have to be re-paid if the buyer stays in the home at least three years. But if the home is sold before that, the entire amount of the credit is recaptured on the sale.
The REALTORS®’ report shows there were 5,755 active listings during the month. In May, homes were on the market for an average of 108 days, compared to 95 days in April.

Other statistics and information about the Des Moines housing market are available at the DMAAR Web sitewww.BuyNowDSM.com.  

The Des Moines Association of REALTORS® is a professional association that represents the 1,500 Des Moines–area REALTORS® who are members. The mission of DMAAR is to be the voice of real estate in the Des Moines area. The term REALTOR® is a registered trademark, which identifies real estate professionals who adhere to a strict code of ethics as members of the NATIONAL ASSOCIATION of REALTORS®.

Week Ending June 12, 2009
Total Number of Homes For Sale in the Des Moines Area – 5160
New Listings Taken During the Last 7 Days – 290
Accepted Offers (Pendings) During the Last 7 Days – 171
Homes Closed (Solds) During the Last 7 Days – 90
Average Sale Price of Solds – $168,863
Average Days On Market of Solds – 99
If you would like to search for homes in the Des Moines area, feel free to visit my website.  I don’t require

a login or password and collect no information about you.  You can always contact me if you have questions. 
Click Here to begin your own home search or go to http://search.homesbyles.iow.mlxchange.com

Les Sulgrove, RE/MAX Real Estate Group

Information on this blog posting is for informational purposes only and not intended as solicitation if you are already working with a REALTOR®.

There is no obligation or fee for any information on this blog posting.
Data Source: Les Sulgrove, RE/MAX Real Estate Group
Des Moines Area Association of REALTORS® MLS.
Des Moines Metropolitan Area defined as: Adel, Altoona,
Ankeny, Bondurant, Carlisle, Clive, Des Moines, Dallas Center,
Desoto, Granger, Grimes, Indianola, Johnston, Norwalk,
Pleasant Hill, Polk City, Urbandale, Van Meter ,Waukee,
West Des Moines, Windsor Heights, Winterset

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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