Des Moines Real Estate Blog

Your Economist of Choice, Your Realtor of Choice

  • Adam Van Lin, Realtor
    Burnett Realty
    10200 Hickman Rd. #100
    Clive, Iowa 50325
    Cell 515.344.1068
    Fax 515.331.3401
    Licensed in Iowa

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Des Moines Housing Prices – July 2011

Posted by adamvanlin on August 5, 2011

The preliminary housing price numbers are out for July and things look positive.  The median price rose from $135,667 in June to $144,083, an increase of 6%.  This is impressive considering median prices rose 10% from May to June.  An increase of this magnitude is rare, especially over just two months.  We’ll look for a continuation of this trend in future months.  If you were a seller in July, it was a great time to sell.  If you still have a property on the market, time to catch the wave before the surf goes out.

Also, we see that the yearly growth rate for housing in Des Moines has risen, but is still in negative territory.  Lets hope next months number push it into the positive.

Finally, months of supply came it at 7.0 months for July.  This number indicates a very slight downward pressure on prices.  Just something to keep an eye on.  This number should rise as prices take their seasonal fall and less buyers are making purchases while the number of homes on the market remains consistent.

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One Response to “Des Moines Housing Prices – July 2011”

  1. […] fell from 5.1% to 3.3%.  The strength of the past year is currently showing up in employment and housing prices, however, with the stagnation of the index along with the drop in the yearly growth rate, we could […]

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