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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Housing Prices in Des Moines, Johnston, Urbandale, Waukee, West Des Moines…

Posted by adamvanlin on October 13, 2011

Here are the updated housing prices for Des Moines & surrounding areas.  As expected, prices topped out in August and have started their seasonal decline.  Not great news if you are selling your property, but with prices expected to decline over the next 6 months, you still have a window of opportunity to get a good price.  Especially with this warm weather we’re having in central Iowa!  Let’s hope for that to last as long as possible.

To the details… median prices dropped about $5,000 to $142,917 in September.  The yearly growth rate is still positive, so we are in better shape now than we were last year.  However, prices are only growing at 1/2% on a yearly basis.  Not much to get excited about, unless you are a buying waiting to get into this market.  Months of supply came in at 7.3 month, which would imply slight (very slight) downward pressure on prices.

If you are a buyer and you’d like to know the best time to buy, give me a call and we can go over the facts.

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