Numbers are always extremely important to consider when buying, selling and financing a home. Each week, I recieve a weekly market watch update providing the breakdown of the activity from last week. The report is provided by Heather Barglof at Peoples Company. As I continue to get them, I will continue to post them (with her permission of course). Here is her breif market commentary this week:
"Below is a snapshot of how the market performed last week measured against the previous week and the average year to date numbers. In looking at the numbers over the last 3 months compared to the number of active listings today it looks as though there is just over a 9 month supply of homes in the Des Moines Metro. Six months' supply is considered a balanced market - when the number of listings roughly equals the number of buyers. Numbers over six represent a buyers' market and those below a sellers' market. We definitely have more inventory than we would all like, however active listings are slowly declining and we are moving into a busy time for real estate sales."
(Click Picture to Hugify)
I hope you continue to enjoy these brief updates as much as I do!
A blog updated daily educating you on how to do more with your money. Topics range from basic tips and tricks with personal finance to mortgage terms and market news.
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