The Des Moines-area housing market in January reflected the expected seasonal slowdown, with key metrics adjusting while maintaining long-term growth trends, according to the latest stats tracked by the Des Moines Area Association of REALTORS® (DMAAR). "January’s data shows the typical winter cooling in the market, yet demand remains strong compared to previous years," said Erika Hansen, DMAAR Past President. "With increased inventory and some adjustments in pricing, this presents opportunities for buyers to find homes that meet their needs. Now is a great time to work with a trusted REALTOR® to navigate the market." Home Sales and Market Trends In January, 675 homes closed, reflecting a 29% decrease from December’s 955 closed sales but nearly matching the 677 sales recorded in January 2024. Contracts written in January rose 42.7% to 1,010, up from 708 in December 2024, signaling ongoing buyer interest despite seasonal shifts. Active listings in the Des Moines metro saw a slight dip of 1.9%, decreasing from 3,513 in December to 3,446 in January. However, compared to January 2024, inventory remains significantly higher, up 25.5% from 2,746 listings a year ago.
The median sale price in January declined 2.7% to $285,000, down from December’s $293,000. Despite this month-over-month dip, home prices remain on an upward trajectory, rising 5.6% from January 2024’s median price of $270,000. Days on the market increased to 66 days in January, compared to 56 days in December 2024 and 61 days in January 2024, indicating a slight shift towards a more balanced market. With a solid start to 2025 and an increase in available homes compared to last year, the Des Moines-area real estate market remains active. "Buyers and sellers alike can benefit from understanding the latest trends and leveraging the expertise of REALTORS® to navigate their real estate decisions," Hansen added. For additional details and insights into the Des Moines housing market, visit the DMAAR Housing Stats web page.
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