Here is an update on what is going on in the Des Moines Real Estate Market:

Sales are up year over year from 2023. February of this year we had 793 homes listed. This is the best start we have seen for the year since 2021. Also, in the month of February 1,060 houses went under contract. So houses are selling faster than they are being listed. And the interesting thing is that March and April are typically more than double the numbers of February in previous years.

People keep asking me where interest rates are going, and my honest answer is I do not know. However, I want to point out that buyers don’t seem to be caring. Sure, I know plenty of people that are holding back with the hopes that interest rates are going to come down. There are still many, many buyers out there looking for homes. It turns out, when you want to buy a home, you just want to buy a home and you deal with the interest rate you have.

What does all this mean? It means if you are looking to buy or sell a house in 2024, I can help. If you are listing, you need to know where to price to take advantage of the coming Spring real estate market. People are being more picky, and so positioning matters. It also means if you are looking to buy, there is plenty of competition out there. I am here to help. Please reach out.

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 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.

~Ryan Lynch

The real estate market right now is quite insane.

Interest rates have more than doubled and there are still so many buyers.

Sellers are sitting on their 3% mortgages, so there is still very little inventory.

And everyone is getting a bit tighter in their wants and needs.

All this makes for an everybody market. Sellers are still strong, because they have no competition. Buyers are being more picky, because their money buys less than it used to. And that makes offers, negotiations, and simply getting to the finish line far more interesting.

I am so happy when people choose me to work for them. And I am really good at this. If you are thinking about getting into the market as a seller or buyer, let me know. I can give you advice, and make the process much less nerve racking for you. Just let me know.

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 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.

~Ryan Lynch

Well, we are in a very interesting space. There are not a lot of sellers out there currently. The main reason for this being interest rates. Many home owners have a ridiculously, historically low interest rate. And without a very good reason, they are not wanting to trade for a higher interest rate mortgage.

However, buyers are still out in droves. Which means low supply and high demand. This leads to prices increasing.

Now, here is the fun part. When interest rates do start to finally go down, that will increase demand. That means home prices are at the lowest they are ever going to be now.

So, if you are wanting to buy a house. They are the cheapest they will ever be right now. They are only going to go up in price. If you are looking to sell, there is so much demand out there. My last several listings have all sold within their first week on the market.

Too Long, Didn’t Read: If you want to buy a house, they will never be cheaper than they are right now. If you want to sell a house, there is so much pent up demand for them. Get a Realtor. I know a good one who loves to serve. 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 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.

~Ryan Lynch

So some interesting things have gone on in the market. Let me see if I can explain what’s happening to you.

The most interesting thing that has happened is that interest rates seem to have affected sellers instead of buyers. Allow me to explain. My typical business is around 75% listings and 25% buyers. That has actually just about flipped in 2023.

Right now I have a huge list of buyers looking for a property to purchase. What I don’t have is listings. I believe the reason for this is interest rates. If you owned a home in the last five years, whether you just bought or you have owned for a while and refinanced, you have a ridiculously low interest rate. Now when you look out at the market, you see completely normal interest rates like 6-7% that are twice as high as the rate you have on your mortgage right now.

So, people aren’t selling.

What this means is that even though interest rates are back to normal, that is all they are: normal. There are still a ton of buyers out there wanting to buy with normal interest rates. However, all the people who could sell are sitting on their mortgages remembering how they got so lucky to have such an incredible interest rate.

So, it is still a seller’s market. There are still a ton of buyers, and not that many sellers. If you are looking to sell, use a realtor and get that money. If you are looking to buy, get that realtor or good luck.

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 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.

~Ryan Lynch

Seriously. I am sitting on buyers 10 to 1 with sellers. I have more buyers than I have ever had in my career. And the number one reason is that inventory is so low. People are out looking for houses right now. And sellers are sitting back. It is driving up prices.

Talking with other realtors, they are seeing the same thing. Lots of buyers, not many sellers, and houses selling for more money.

If you, or anyone you know is looking to sell. Give me a call. We need houses.

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 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.

~Ryan Lynch

I keep getting asked the same question: So, how’s the market doing? And I keep getting asked it in the same way, with true fear for my livelihood. I think that sellers in particular are afraid that the market is just simply dead because of the dreaded INTEREST RATES!!! (I don’t know how to type something spooky, so bear with me.)

However, they are all completely wrong. We so badly need listings right now. Cold hard facts:

Currently there are 2,462 houses under contract, meaning someone is buying them.

At the same time, we only have 2,417 houses currently active on the market.

There are more houses going through the process of being sold right now than there are houses for sale. To add fuel to this fire, it typically only takes 30-45 days for a house to go from being under contract to being sold. So more houses have sold in the past two months than there are currently houses available to buy. And this is the busiest time of the year.

Quite frankly, if you have been thinking about selling, this is a golden time to do it. I have so many buyers just waiting for the right house to come along. One hundred percent of the sellers I have worked with in 2023 have their house either completely sold, or under contract right now.

If you are looking to buy, interest rates are still at historically low levels. If you are looking to sell, we need inventory. Give me a call.

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 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.

~Ryan Lynch