The question I always get now is, “So, how’s the market?” Here is the raw data as of the end of October:
Total Active Listings: 3,937
Total Pending Listings: 1,826
Sold Month to Date for October: 1,102
Sold Year to Date: 11,162
Avg List Price $367,723
There is a lot I can pull out of this. Houses are still selling! 11,162 houses have sold in 2024, and there are still two months left. Actually, the market has picked up. Year to date, by the end of October last year, we were only at 10,660.
Also, more people are trying to sell. Up until about late 2022, the Des Moines MLS (Multiple Listing Service) had rarely had more than 2,500 houses available at one time. And right now, we are sitting on 3,937 listings (as of the end of October).
And finally, the average list price in central Iowa is $367,723. Prices have just been going up and up. And frankly, once interest rates really start to go down again, they are only going to go higher.
What does this mean for you? If you are selling, you have more competition, and there are still a ton of buyers out there. If you are buying, you have more to choose from, and the best time to buy has consistently been yesterday. So don’t let too many tomorrows get in your way before you buy.
I am here to help. I have been doing this for over a decade now, and I know what I am doing. I know what to expect. And I know how to help you through the process. Call me.
As always, I love doing what I do. I love looking at the market, and I love building relationships with the people I get to help. Let me know how I can help you. Call me today. You can reach me at 515.724.3163 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
