(Des Moines, IA) -- Home sales in the Des Moines area are slowing. Local realtors say it's a seasonal slow-down. Sales increased by three percent from August of 2020.
The Des Moines Area Association of realtor s reports 1,678 residential properties sold in August 2021, while 1,628 homes sold in August of 2020. Two years ago, only 1,291 properties were sold in August 2019.
The median sale price increased 6.25 percent to $255,000, compared to $240,000 in August of 2020.
The amount of available properties on the market in August rose slightly over last month with 2,173 properties on the market compared to 2,086 properties in July.
“We definitely saw a bit of a slowdown in August. Typically, the market tends to see a gradual decrease in activity as school restarts and families settle into their new routine. With that said, homes are still selling in less than month in most cases. Our inventory continues to creep higher which will give our buyers more choices and bring us closer to a balanced market,” stated DMAAR President Ted Weaver.