Home Sales Remain Steady
Home sales in the month of June saw a slight decrease of 6.9% with 1,278 homes sold compared to the 1,371 sold in May. The month saw a decrease of 12.7% year-over-year when compared to the 1,464 homes sold in June 2023.
June pending sales were down similarly at 7.3% with 1,225 contracts written compared to the 1,322 contracts written one month ago. Year-over-year pending sales slipped 9.25% from the 1,350 contracts written in June 2023.
Active listings provided a bright spot for the metro market. In June, we saw a 2.9% increase with 3,375 homes listed compared to the 3,279 houses listed on the market last month. The month saw a plentiful increase of 21.4% compared to the 2,781 homes listed for sale in June 2023.
The median sale price for the Des Moines metro area for June continued to climb, sitting at $307,000, an increase of 2.5% from last month. Year-over-year there was an increase of 5.25% in price compared to the June 2023 median of $291,700.
Days on the market decreased 22.9% in June with 47 days, compared to the 61 days on market recorded in May. In June 2023, the number of days on market was listed at 42 days, resulting in a year-over-year increase of 11.9%.
Additional statistics and information about the Des Moines area housing market are available at the DMAAR Housing Stats web page.
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