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March 2014 Des Moines Market Snapshot

Where Are The Sellers?

Businessman with binoculars spying on competitors.

The number of homes for sale continue to be well below the previous 5 years normals for this time of year.  This low home inventory has pushed the Des Moines real estate market down into a Sellers Market.  As a result many buyers are finding themselves in situations where they are competing for the same listing.  When this happens, home prices tend to sell closer to list price and list prices also respond by rising.  It’s the perfect example of Supply & Demand economics.

It’s been an interesting month for statistics.  Active Inventory is down, Pendings are ahead of last year, Closed Sales are behind. List Price to Sale Price ratio is narrowing.


March 2014 Balance of the Market ReportMarch Des Moines Balance of the Market Report Graphic
March 2014 Inventory Breakdown By Type
March Des Moines Inventory Breakdown By Type Graphic
March 2014 Homes For Sale
March Des Moines Homes For Sale Graphic
March 2014 Pending Transaction Count
March Des Moines Pending Transaction Count Graphic
March 2014 Home Sales YTD
March Des Moines Home Sales YTD Graphic
March 2014 New Construction Inventory
March Des Moines New Construction Inventory Graphic
March 2014 Active, Pending, Sale Price Average
March Des Moines Act Pend Sale Price Avg Graphic

March 2014 Active Listings Vs Previous 5 Years
March Des Moines Active Vs Prev 5 Years is your local resource for real estate market conditions and statistics in the Des Moines and central Iowa area.
Les Sulgrove is a licensed REALTOR® with Keller Williams Greater Des Moines and has been licensed to sell real estate in Iowa since 1990. If you are looking to buy or sell your home, contact Les today!

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