des moines SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 0.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▼ 1.5% VS 2023
▼ 0.5% VS 2023
▼ 5% VS 2023
There were 20 single-family home listings in Des Moines in April, no change to March and 5% lower than April 2023. April single-family home sales increased by 4% month-over-month, to 29, and were 7% above April 2023. The months of inventory for single-family home in Des Moines, at 0.7, re%ected a sellers' market. The single-family home median price in April was $623,000, a 3% decrease from March and 0.5% below April 2023. The average sold price was $662,399, 8% below last month and down 1.5% to April 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
29 20
27 21
-1.5% -0.5% -11% 7% -5%
28 20
4% 0%
$662,399 $623,000 0.7
$723,357 $639,500 0.7
-8% -3% -3%
$672,370 $626,000 0.78
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34 29
36
32
31
31
35
35
30
28
28
28
27
27
29
25
29
26
20
20
21
21
21
21
20
20
19
14
13
$640K
$630K
$630K
$626K
$627K
$623K
$586K
$580K
$581K
$568K
$567K
$570K
$562K
Apr-23
Mar-24
Apr-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
3.0
8
6
1.0
1.0
4
0.8
0.4
0.2
2
0
<$300K
$300K-399K
$400K-499K
$500K-599K
$600K-699K
$700K-799K
$800K-899K
$900K-999K
$1M+
MOI INVENTORY SALES
2 2 1.0
9 4 0.4
8 6 0.8
6 1 0.2
3 3 1.0
0 1 n/a
1 3 3.0
Copyright © May 8, 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of May 8, 2024. All data from Northwest Multiple Listing Service & rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market or revised at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 2 2 ●
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