Almost every day most real estate agents are asked "How's the market?". Despite what you have read or seen in the media, the Des Moines market remains strong overall. However, it really depends on your own unique situation.
From a buyer perspective, it's a great time to buy a home:
There is an incredible number of homes on the market in Central Iowa. In September there were 7101 vs. 5785 a year ago. Selection is at an all time high.
Interest rates are still very good, just a small percentage off of the 20-year low.
There are plenty of incentives, from seller paid closing costs to new trips and even cars on some new construction.
Contrary to some other areas in the country, we are still seeing good appreciation in the Des Moines real estate market. According to a recent Des Moines Register article we experienced a 3% increase in the first nine months of the year.
From a seller perspective, seek the advice of a qualified REALTOR to assist you with the sale of your most important asset:
Is is critical that your home is priced correctly to compete with other homes on the market.
Be sure that your home is in peak condition and staged correctly to appeal to buyers
Have an excellent marketing program to ensure your home stands out from competing homes and attracts the most potential buyers.
Check back often for a snapshot of the local Des Moines real estate market.