I have been discussing the same misunderstanding about the market a lot lately. I thought if the people I am talking to are thinking about it, what about the people I don’t get to speak with.

The confusion is about low inventory on the Des Moines Multiple Listing Service. In fact, last year the Des Moines Area Association of Realtors sold almost 2,500 more houses than they did the year before. (To give a frame of reference, we sold a little over 16,500 in 2020.)

Currently there are 1,825 houses for sale. This is record low inventory. However, we currently have 2,745 houses under contract. In the last 30 days alone, 1,418 houses have gone under contract. Think about that. In the last 30 days, almost as many homes have gone under contract as there are currently houses for sale total.

However, we are selling more houses than we ever have. Last year we increased our year over year sales by more than fifteen percent. There are a ton of houses out there. They are simply flying off the shelves.

So what does this mean to you?

If you are a buyer, you have so many houses to look at. And your mortgage is insanely cheap. You need to be on top of what you want and getting out to look as quickly as you can though. Because the three houses you liked last week are gone this one.

If you are a seller, your house most likely will sell for more than you would expect. Of course, condition and competition will always affect your sale. It is a great time to sell right now though.

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 don’t know how to make this more plain. Right now, every interest rate for buyers is below 3%. If you are looking at a 15 year mortgage, you are getting precariously close to 2%. I am helping buyers, because they have every reason to buy with money being this cheap.

If you already have a mortgage, look into what refinancing would do for you. These rates are absolutely ludicrous.

That being said, if you have been thinking about selling, inventory in the Des Moines area market is down close to 40% since February when all of this began. And that was February! As of this writing we are currently at only 2,613 houses on the market. We were over 4,200 in February. February!!!

If you are looking to buy or sell, I would love to help you. It is an incredible time to do both. Reach out when I can help you in any way.

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

Good morning my friends. Short and sweet this morning. We badly need listings. Here are the numbers:

Normal levels of Active Listings for Central Iowa: 5,000-6,000

Active Listings before COVID – 4,200-4,300

Active Listings as of this writing – 2,963

Buyers are out in force because interest rates are the lowest they have EVER been. Yesterday we added 53 new listings to the market, and sold 110. ON A TUESDAY!

If you know anyone thinking of listing, it is a very good time to do so. Please give me a call to discuss.

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