Central Iowa Real Estate Market Update 10-19-20

Dated: October 19 2020

Views: 13

Overall Market Snapshot

  • Active Listings: 2668 (up from 2655 last Monday)
  • Average List Price: $315,810 (down from $319,149 last Monday)
  • Average Days on Market: 79 days

Activity Over the Last 7 Days

  • 298 NEW Listings (down from 356 last week)
    • This is a LOW amount of new inventory....we really need more listings!
  • 412 Homes Pending (up from 381 last week)
    • Seeing this number going UP captures the fact that buyers are still very active!
  • 390 Homes Sold (up from 308 last week)
    • Homes continue to move through the mortgage process effeciently, closing as scheduled.

Net Message...

No way around it, we do NEED MORE HOMES as the current supply is not nearly enough to satisfy the number of buyers that are out looking!  

NOW Remains a great time SELL and BUY!!  It's a strong sellers market right now; and with the interest rates where they're at it is also a great time to buy!

We at Weichert, Realtors - The 515 Agency has a multitude of tools to provide you with the information you need whether you're buying or selling, and to help you navigate this process in an effective manner!  

#weichertrealtors #the515agency #iowarealestate #realestateagents #realtor #home #RealEstate #realestatemarket #iowa #centraliowa #weichertworks #openhouses #515realestate

 

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Matt Posusta

Matt has been a Real Estate Agent since 2014, and a Licensed Real Estate Broker since 2017. A seasoned professional with a wealth of experience in different roles Matt brings a ton of ‘extras’ to....

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