DMAAR April Sales Steady, Prices Rose 9.2%
May 16, 2022
Des Moines metro home sales in April remain virtually the same from April of last year with an increase of less than 1% reported by the Des Moines Area Association of REALTORS® (DMAAR).
1,331 residential properties sold in April 2022 while 1,322 homes sold in April of 2021. The median sale price rose by 9.2% when compared to April of 2021. $266,860 was the median sale price in April 2022.
The median number of 4 days most accurately represents the data set for Days on Market in this case. The average days on market calculated to 32 days.
The amount of available properties on the market in April rose slightly from last month with 1,791 properties on the market compared to 1,702 properties in March. In April of 2021, there were 1,755 properties on the market.
1,004 properties or 75 percent of sold properties were financed conventionally. Cash purchases amounted to almost 12 percent of the sold properties. Almost 7 percent of sold homes were financed with an FHA Loan.
“It is great to see the number of homes slowly increasing. It is an extremely fast-paced market. The pool of buyers is strong and multiple offers are still very common. For these reasons, we encourage any potential buyers to use a Realtor as their guide. In addition, it will be important to have their finances in order and ready to move quickly once they begin looking for homes,” stated DMAAR President Jen Stanbrough.
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 2,700 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®.