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Q4 2016: Des Moines Metro Housing Snapshot

By Kalen | Published January 25, 2017

The state of the Des Moines-area housing market heading into 2017 can be associated with an extremely low inventory of single family dwellings in general, yet a steady uptick in the availability of new construction homes over the past several years. A historic number of 9,277 single-family homes sold last year in the 18 communities I track with new construction comprising 16.3 percent of the total sold for 2016. For comparison, in both 2007 and 2010, 19 percent of total sales in the Des Moines market were tied to the development of new construction homes. The resale market over the past year has been very hot due to a lack of new construction homes being built under a $250,000 price [...]

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