Des Moines 2017 Housing Trends and Year End Report
January 11, 2018
According to the housing trends reported by the Des Moines Area Association of REALTORS® (DMAAR), 2017 home sales were up 4.2percent when compared to 2016. 14,703 homes sold in 2017 while 14,105 sold in 2016. For the month of December, home sales were up 2.7 percent from December 2016.
The average days on market for 2017 was 77 which has remained steady compared to 75 days in 2016.
“Des Moines’ December numbers reflect the trends of the last two years showing an increase in median sale price and number of homes sold with a consistent days on market. People recognize the benefits of homeownership in the Des Moines area and with new tax incentives for first time homebuyers in Iowa, 2018 is looking to continue this trend,” said DMAAR President Linda Westergaard. Active listings remain consistently low finishing 2017 with 3,201. There were almost 600 more homes sold in 2017 than 2016.
Des Moines area Realtors have been involved in the community more than ever in 2017 by being more proactive with industry safety, continuing partnerships with great community organizations such as Habitat for Humanity and the Boys and Girls Club of Central Iowa, supporting projects such as Project Jack, a pay-it-forward grant to teach children the importance of giving back. The Des Moines Area Association of Realtors Foundation hit a milestone by donating more than $500,000 since 2000 to local organizations and is proud to support such a great community.