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Will This Be A Record Breaking Year For Des Moines Real Estate?

Five Stats That Could Break A Record In 2013

Record Breaking Year?

  1. 2007 closed sales ended up at 10,236. At the pace we are setting in 2013, we have a good chance of beating that number
  2. Contracts written (Pendings) are on pace to exceed the 12 month average record of 836 homes going under contract set in 2012.
  3. Probably the easiest prediction is the 12 Month Median Sale Price. 2012 12 Month Median Sale Price was $151,000 and we have consistently beating that number all year long.
  4. Home inventory levels continue to be at or near record lows.  Des Moines inventory has consistently declined since 2007.  Yet in 2013, we are selling more homes per year.  This equates into lower days on market benefiting sellers.
  5. While Conventional mortgage financing continues to be the most common type of loan used when purchasing, Cash buyers have overtaken FHA financing for 2nd place making up approximately 20% of all transactions in 2013.

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