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Des Moines Real Estate Week In Review Ending August 5th, 2011

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.


8-5-2011 10-05-48 PM

8-5-2011 10-05-06 PM

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.

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