August Housing Stats: Sales Up 6.9% from Last Year
September 11, 2019
The Des Moines Area Association of REALTORS® (DMAAR) reports a strong month for sales with sales up 6.9 percent from a year ago.
1,488 residential properties were sold last month while 1,392 were sold in August 2018.
Median sale price was up 5.3 percent from August 2018. The median sale price came in at $219,000 last month.
Properties are selling faster than last month with an average of only 54 days on market.
“August sales were up and showed some nice growth from last year. This is the second consecutive month we have had over 4,000 properties on the market. This is the highest number of properties for sale in many years,” stated DMAAR President Jenn Clark.
1,014 properties or 68 percent of solds were financed conventionally. Cash purchases amounted to 12.3 percent of the sold properties. 9.3 percent of sold homes were financed with an FHA Loan.
Additional Statistics and information about the Des Moines area housing market are available at the DMAAR website, www.dmaar.com.
The Des Moines Area Association of REALTORS® is a professional association that represents the almost 2,300 REALTOR® 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®.