Welcome to the New Normal
With four months of 2014 under our belts, it is clear that the number of homes for sale at one time is going to remain lower than years prior to 2013. There has been a bit of a surge during the last week of April, but the lower inventory is making buyers move quicker when searching because the odds are that the home they like may not be available tomorrow.
One area of our inventory that is seeing an increase well above last year is new construction. As of April 30th, there are more new construction listings on the market compared to April 30th of the years 2010 through 2013. There are currently 926 new construction properties for sale making up over 27% of all Active inventory on April 30th.
Where will we be at the end of May? Only time will tell…
Click The Graphic Images Below To Download Full PDF
April 2014 Balance of the Market Report
April 2014 Inventory Breakdown By Type
April 2014 Homes For Sale
April 2014 Pending Transaction Count
April 2014 Home Sales YTD
April 2014 New Construction Inventory
April 2014 Active, Pending, Sale Price Average
April 2014 Active Listings Vs Previous 5 Years
April 2014 YTD Price Point Avg Pricing
SimplyDesMoines.com 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!