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Des Moines Real Estate in July: Sales Down 9% YoY, Inventory Down 25% YoY

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by Calculated Risk on 8/11/2021 05:30:00 PM

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

From the Des Moines Area Association of REALTORS(R):

Closed sales in July 2021 were 1,703, down 8.7% from 1,866 in July 2020.

Active Listings in July 2021 were 2,086, down 25.1% from 2,785 in July 2020.

Inventory in July was up 13.5% from last month, and up 20% from the all time low in April 2021. Usually inventory peaks in the summer at between 3,500 and 4,100 in Des Moines, so this is still very low.

Early Look at 2022 Cost-Of-Living Adjustments and Maximum Contribution Base

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