Des Moines Real Estate Market Shows Promising Growth

Des Moines, IA - The local real estate market sees housing inventory rise, as well as gaining above average increases in home values.

According to data from Des Moines Area Association of REALTORS and the Des Moines Area MLS, the Des Moines Metro saw a 15.9% year-over-year increase in houses actively for sale. This increase last month marks a promising shift for both buyers and sellers as we approach the spring buying season.

As homeowners consider their equity positions, they'll note that the average sales price of a home in the metro is sitting at about $296,000 - up from an average of $280,000 in the same period last year. That marks a 5.71% average increase in home values.

These promising trends underscore the thriving real estate market. As the spring season brings more homebuyers out, you can be sure that the market will heat up and create a competitive housing market likely to extend through the end of 2024.

Quote from the author: "The market continues to see homes appreciating at an above average rate. This makes it a great time to sell a house and cash in some equity, or to convert that equity into a down payment on another home. It also represents a great time to buy a home and take advantage of the potential equity growth in the years to come. "

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Written by:

Austin Bittner, Real Estate Agent

Austin Bittner Real Estate

RE/MAX Revolution

Licensed in Iowa

AustinBittner.com

Team@AustinBittner.com

@AustinBittnerRealEstate

*The opinions in this piece are solely the opinions of the author.*