January 2024 - Real Estate Market Update

Dated: January 30 2024

Views: 32

Quick Real Estate Market Update

Active Inventory in Des Moines Area MLS: 2,808 Listings 

  • Average Days on Market: 129 (but average days to going under contract is right around 50-60)
  • Average List Price: $413,532 (average price on new sales under contract was $316,051 last week)

In the Past 7 Days, the following inflow/outflow has happened:

  • 204 New Listings 
  • 250 New Pendings (home is now under contract)
  • 179 Sold 

Net Message:

  • If you're thinking about selling we need to talk - it's time to capitalize on the equity you may have in your home!
  • NOW IS A GREAT TIME TO BE SELLING YOUR HOME, most people have way more equity than they realize.  We just talked with a Lender last week that was meeting with a client who purchased in 2022 (because they wanted to refi), and they were SHOCKED to learn that they had already gained $75,000 in equity...in under 2 years!!
  • Now is also a great time to buy; if you're thinking about waiting for prices to drop you will be waiting for a LOOOOOOOOOOOOOOOONG time we we are seeing appreciation numbers showing 18%-20% over the next 4-5 years.

If you're thinking about buying or selling...give a Weichert Agent a call today to discuss your options!  We have the tools and resources to make sure you are expertly informed on the market, the process and what to expect which helps us make the process enjoyable and as seamless as possible!!

www.wr515.com 

#weichertrealtors #weichertworks #the515agency #iowarealestate #realtor #realestateagent #home #iowa

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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&rs....

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