2017 is over and the real estate market in Des Moines and Central Iowa has completed another insane year! If you thought 2016 was crazy for home sales, we actually sold even more in 2017. Here is the breakdown.
Total Houses Sold – 14,603
Houses Sold Growth Over 2016 – 4%
So what does this mean for 2018? As of December 31st, there were 3,213 houses available for sale. That is up 7.9% from 2016. While pending sales are about even with 2016 at 1,531 houses pending as of December 31st. That means that the demand is at the same levels as it was at the beginning of 2017 (even though it is colder now than it was then), and we have more inventory available. I am getting a lot of questions about when to sell or buy for 2018, and right now I am telling people that this is likely to be the point of the year where you will have the lowest competition for both.
If the market follows the 4% growth number, then that means we will sell over 15,000 houses in 2018. Are you thinking about buying or selling in 2018? Reach out to me and get prepared for a market that keeps getting stronger. I will have 2017 numbers for Days On Market soon. I beat the market by 60% in 2016 and 2015. You can reach me at 515.639.0047 or RyanLynch@KW.com.
~Ryan Lynch
