Current Market Conditions
Nationally the housing market has made a dramatic downturn while Iowa was one of six states to post higher existing-home sales for the second quarter.
July home sales increased 3.2 percent; the number of homes sold was 1,053. The average sale price increased 2.2 percent - or $3,781 - to $177,118. Sales volume for July climbed 5.5 percent to $186.5 million. The inventory for homes for sale shrank 1 percent, to 6,761.
Iowa was at 4.7% unemployment in 2004, today we are at 3.9%.
Mortgage rates in 2006 we were at 6.68%, today we are at 6.60%.
RE/MAX continues to have Premier Market Presence in the City of Des Moines, RE/MAX Real Estate Concepts has posted records in 2007 not seen in our 7 year history.
Iowa was at 4.7% unemployment in 2004, today we are at 3.9%.
Mortgage rates in 2006 we were at 6.68%, today we are at 6.60%.
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