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(Des Moines, IA) -- November home sales rose 7.6 percent compared to 2020. The Des Moines Area Association of Realtors says the median sales price last month was 17.2-percent higher compared a year ago, at $252,000.
The DMAAR says 1,386 residential properties sold in November 2021, while 1,288 homes sold in November of 2020.
The median of 8 days on the market takes the middle set of numbers in a data set which in this case more accurately reflects the fast-paced market in the Des Moines metro area. The average days on market calculated to 32 days.
DMAAR President Ted Weaver says the number of properties on the market in November dropped slightly over last month with 2,194 properties on the market compared to 2,255 properties in October.
“The market in November was a pleasant surprise with a nice bump in sales and the number of properties on the market held fairly steady from last month. The warmer than usual fall weather likely influenced the activity of our buyers and sellers. Construction crews are still working in December with this fair weather. That will bode well for the future number of properties on the market,” stated DMAAR President Ted Weaver.