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Q1 2018: Des Moines Metro Housing Snapshot

By Kalen | Published March 01, 2018

With a total of 1,961 active listings of single family homes, translating into a 2.5 months supply, this ​LOW LEVEL of inventory reflects a trend we’ve been tracking over the past five years​,​ and appeared to continue in Q1 2018. Heading into March, there were 1,257 pending sales of single family homes in the Des Moines ​Metro​, or 74 fewer pending sales than a year ago. The ​TOTAL MONTHS SUPPLY – six months is considered to be indicative of a stable market – has hovered around two to three months over the past several years, and continues in that range today. The overall inventory has continued to drop and listings of ​NEW CONSTRUCTION homes are growing. Notably, of the total [...]

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