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Real Estate Market Snapshot For February 2015

The real estate market operates like the diagram above. One gear turns at its pace while turning other gears. At any time, one part of the market can slow down or speed up. A large pool of buyers competing for a smaller pool of sellers homes reduces inventory at a faster pace than what can be replenished.

When sellers are slow to put their homes up for sale, as happened in February when 33% fewer homes came on the market while buyers are buying at a pace 20% faster than last year, we end up in a sellers market.

Feb Des Moines New Listings Taken This Month GraphicFeb Des Moines Listing Inventory GraphicFeb Des Moines Pending Inventory GraphicFeb Des Moines Inventory vs Past 6 Years GraphicFeb Des Moines Balance of Market GraphicFeb Des Moines Homes Sold YTD GraphicFeb Des Moines Active vs Pending GraphicFeb Des Moines Price Point Comparison GraphicFeb Des Moines Inventory Comparison GraphicFeb Des Moines New Construction Inventory GraphicFeb Des Moines Active Pending Sold Stages GraphicFeb Des Moines AVM Trends Report Graphic

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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