Des Moines is the capital and most populated city in Iowa. It is a competitive city for the business industry, and was ranked in Forbes as the ‘best city for business’ in 2010 and 2011. The recent market update in Des Moines, is always changing, but it consistently is a great place to buy a home. For potential homeowners, our team is here to assist you in getting a local Des Moines mortgage.

Our main homepage (add homepage link) lists the real estate and mortgage market according to the listings on realtor.com. As stated, the current median listing price of Des Moines is $135,000. In January 2017, the price was at $126,900 and by December 2017, the price rose to $136,000. The price per square feet is $121 and the median closing price is $120. The days listed on the market in January 2017 was 81 days, and by January 2018 the time had dropped to 72 days. However, realtor.com only has statistics for the homes that have been listed to their specific website. Century 21 Signature Real Estate has more of a broad statistical analysis of the greater Des Moines area.

These statistics show that the median listing price in January 2017 was $265,000 and rose to $285,000 by January 2018. The active listings for January 2018 was 3,100, which had dropped 4% from the previous month being 3,200. Comparing this percentage decrease in active listings states that buyers in Des Moines were more restricted on choosing homes for sale compared to the month prior.

According to Century 21 Signature Real Estate, the days on the market for Des Moines in January 2017 were 101 and by January 2018 there was a 5% decrease, making the current days listed as 96. This states the homes are selling faster now than the previous month. The median sale price in January 2017 was $179,500 and by January 2018, the median sale price rose to $189,000. Although the sale price has increased over the past year, the units sold has decreased 31% in the past month from December 2017 being 1,000 units and January 2018 at 709 units. With fewer sales happening, the buyers could potentially negotiate better terms before making a purchase.

If you are looking to buy a house and want a local Des Moines mortgage lender, please contact Tyler Osby at 515-257-6729.