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2017 Des Moines area home sales stats
The solid home sales trends the Des Moines area has been experiencing for past 5 years remained in place in 2017 with the region posting new records in numbers of homes sold and in average sales prices.
On the top line unit sales MLS wide rose from 14,067 units in 2016 to 14,763 units in 2017 for a gain of 4.9%.
Averages sales price gains tracked the gain in unit sales in December 2017 posting a 3.8% gain and rising from $208,680 to $216,687. This seems to indicate a healthy level of appreciation.
Average sales price to list price crept up slightly from 98.3% in 2016 to 98.5% in 2017. The rise may reflect low inventory levels translating into gains for sellers in which fewer buyer options puts sellers more in control. Units available for sale started 2017 at 2,924 which is about 1500-2000 units under historical norms and reflected decade lows.  2017 ended with units available at 3,213 which indicates a slight easing but leaves us still well under average levels MLS wide.
Days on market inched up from 94 to 100 probably as a result of so many new build homes sold and which tend to have longer market times. New construction sales rose a bit from 33% of all sales ... more

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