Wow.. what a ride this week on Wall Street! Mortgage Interest rates plummeted as a result. The last time we saw 4% 30 Year Fixed Rate mortgages was in November of last year. How long will it last? I wouldn’t count on it for very long… The United States today lost their AAA credit rating and many are predicting that rates will rise quickly in the coming weeks and months.
Total Residential Active Listings – 5587
New Listings Taken During the Last 7 Days – 299
Accepted Offers (Pendings) During the Last 7 Days – 167
Closed Transactions During the Last 7 Days – 185
Average Sale Price of Solds – $171,444
Average Days On Market of Solds – 118
Les Sulgrove, RE/MAX Opportunities
Data Source: Les Sulgrove, RE/MAX Opportunities
107 East First Street – Ankeny, IA 50021
Des Moines Area Association of REALTORS® MLS.