Breaking Stories

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

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.

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