Did you feel it? The Des Moines real estate market has officially turned into a Sellers Market.
A Seller Market occurs when there is less than 4 months of inventory. In other words, if no new listings come on the market, the current inventory of homes for sale would run out in 4 months.
In a Sellers Market, buyers will begin to notice that there are not as many homes to choose from and when they do find that “perfect one”, they are more likely to be up against another buyer making the offer. Multiple offers tend to benefit Sellers as the purchase price tends to be higher. Rising prices and multiple offers brings out more Sellers as they see that “This is the time to be on the market”.
Attention Sellers “Waiting” to put your home on the market.. It’s TIME!!!!
