Des Moines Area September Sales Steady
October 14, 2021
Des Moines metro home sales in September remained the same from a year ago as reported by the Des Moines Area Association of REALTORS® (DMAAR). Sales increased by 1 percent.
1,459 residential properties sold in September 2021, while 1,439 homes sold in September of 2020.
The median sale price increased 16.3 percent to $265,000, compared to $229,700 in September of 2020.
The median of 5 days on the market takes the middle set of numbers in a data set, which, in this case more accurately reflects the fast-paced market in the Des Moines metro area. The average days on market calculated to 28 days.
The amount of available properties on the market in September rose slightly over last month with 2,279 properties on the market compared to 2,173 properties in August. In September of 2020, there were 2,640 properties on the market.
1,081 properties or 74 percent of sold properties were financed conventionally. Cash purchases amounted to 11.2 percent of the sold properties. 9 percent of sold homes were financed with an FHA Loan.
“We are seeing the typical steady fall market. The continual increases in the inventory of available homes bodes well for the future. Interest rates continue to be relatively low. We encourage potential buyers to use the professional services of a Realtor® as they navigate this market,” stated DMAAR President Ted Weaver.
Additional statistics and information about the Des Moines area housing market are available at the DMAAR Housing Stats web page
The Des Moines Area Association of REALTORS® is a professional association that represents more than 2,600 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®.