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Des Moines Real Estate Roundup 10-3-08

Week Ending October 3rd, 2008
Congress followed suit this week by passing the Senates version of the Financial Crisis Bailout bill.  It has been described by some as the salvation of the US Economy all the way to a Crap Sandwich.  Either way, for the housing industry it should give relief to banks and home owners facing potential foreclosure.  How fast will we all begin to see the effects of this bill?  According to economic experts it won’t happen overnight.  Somewhere around 30 days to 3 months seems to be the consensus. What are your thoughts on the Bailout Bill?  Salvation or Crap Sandwich?

Total Number of Homes For Sale in the Des Moines Metropolitan Area – 5,420
New Listings Taken During the Last 7 Days – 303
Accepted Offers (Pendings) During the Last 7 Days – 103
Homes Closed (Solds) During the Last 7 Days – 153
Average Sale Price of Solds – $162,856
Average Days On Market of Solds – 80
If you have specific questions about real estate for sale
in the Des Moines area, please feel free to contact me by
Clicking Here

Les Sulgrove, RE/MAX Real Estate GroupInformation on this blog posting is for informational purposes only
and not intended as solicitation if you are already working with a REALTOR®.
There is no obligation or fee for any information on this blog posting.

Data Source: Les Sulgrove, RE/MAX Real Estate Group 
Des Moines Area Association of REALTORS® MLS.
Des Moines Metropolitan Area defined as: Adel, Altoona,
Ankeny, Bondurant, Carlisle, Clive, Des Moines, Dallas Center,
Desoto, Granger, Grimes, Indianola, Johnston, Norwalk,
Pleasant Hill, Polk City, Urbandale, Van Meter ,Waukee,
West Des Moines, Windsor Heights, Winterset

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