Des Moines Metro April Housing Trends
May 13, 2019
The Des Moines Area Association of REALTORS® (DMAAR) reports another month of steady sales.
Median Sale price was up 2.3 percent from April 2018. Spring has sprung and the market is getting busy. 1,152 residential properties were sold in April 2019 while 1,212 were sold in April 2018. This is a 5 percent decrease from last year. April had a 27 percent increase in solds when comparing to the 907 sold properties in March.
Properties are selling quickly with an average of 68 days on market. This is a 13.3% increase from April 2018.
The market is rising with more listings as active listings were up to 3,488 compared to 3,127 in April of 2018.
752 properties or 60 percent of solds were financed conventionally. Cash purchases amounted to 13 percent of the sold properties. Only 11 percent of homes were financed with an FHA Loan.
The Spring market is here and listings that are priced right are selling at a high pace! Use your local REALTOR® to buy and sell, as they are the experts. Experience the difference! Go to DMAAR.com and check the member directory.
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®.