I thought this would be a good time to review the Pending Comparison chart. Up until this past week, the 2011 Pendings have kept pace with 2009 Pendings. 2010 and 2009 business was all under the Federal Tax Credit Stimulus program. Check back in a week to see where Pendings have ended up as we move into May. This doesn’t automatically mean that business is slowing down, it just means that 2011 is finding our new normal.
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Total Residential Active Listings – 5565
New Listings Taken During the Last 7 Days – 383
Accepted Offers (Pendings) During the Last 7 Days – 178
Closed Transactions During the Last 7 Days – 183
Average Sale Price of Solds – $153,471
Average Days On Market of Solds – 130
Les Sulgrove, Iowa Real Estate Solutions, LLC
Data Source: Les Sulgrove, Iowa Real Estate Solutions, LLC
Des Moines Area Association of REALTORS® MLS.