With the deadline approaching for the First Time Home Buyer stimulus money, sales have been brisk in September for the Des Moines market. Prior to this past week, the highest number of Pending transactions occurred in June when we hit 1746 Pending Sales. September 15th sales surpassed that number and have steadily increased each business day ending on Friday September 18th with 1780 Pending Sales.
A Pending Sale is defined as an offer to purchase that has been accepted between a buyer and seller. Closing occurs approximately 30 to 45 days after a Pending Sale during which time the buyer completes their loan application and the home is subjected to inspections, an appraisal and title updating.
Des Moines Real Estate Statistics Week Ending 9-18-09
Total Number of Homes For Sale in the Des Moines Area – 5025
New Listings Taken During the Last 7 Days – 318
Accepted Offers (Pendings) During the Last 7 Days – 161
Homes Closed (Solds) During the Last 7 Days – 93
Average Sale Price of Solds – $163,586
Average Days On Market of Solds – 94
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Les Sulgrove, Iowa Real Estate Solutions, LLC
Information 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, Iowa Real Estate Solutions, LLC
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