(Des Moines, IA) -- February continued a trend of record-breaking home sales in the Des Moines area. Local realtors say sales were up 10.4 percent over February 2020. The Des Moines Area Association of REALTORS® (DMAAR) reports the median sale price rose 16.6 percent to $226,000.
851 residential properties sold in February 2021, while only 771 sold in February 2020.
The realtors group says the number of properties on the market continues to fall far below last year’s active listings. Only 1,787 homes were on the market compared to 3,487 active listings in February 2020.
Homes continue to sell extremely fast with an average of 46 days compared to 74 days in February 2020.
“Our sales continue to eclipse last year’s numbers. A low number of homes on the market continues to cause challenges for those ready to buy. Multiple offers are extremely common right now. It is very important for buyers and sellers to work with a Realtor that has the professional expertise to help them in this fast-paced market. This is a great time to sell your home with a high demand of buyers ready and willing. Your Realtor can help you prepare your home for sale and knows how to navigate these multiple offer situations,” stated DMAAR President Ted Weaver.
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