December home sales up in Des Moines

Posted on Friday, January 21st, 2011 at 2:38 pm    

Last month, home sales in Des Moines were up by 26 percent from a year earlier.  451 homes were sold in December 2009 and 568 were sold in December 2010.  Also, the average home sale price rose by 2 percent and pending sales decreased by 1 percent.

In December 2010, the average home sale price in Des Moines was $163,002 and the average home stayed on the market for 113 days.  There were 5,125 homes listed for sale in Des Moines last month, up by 3 percent from December 2009.

Data shows that the average home buyer in Des Moines spent 1.4 times the amount of their annual income on homes in the third quarter of 2010, while the average home buyer nationwide spent 2.4 times the amount of their annual income.

If you or your business have questions about settling a real estate dispute, contact the Des Moines real estate litigation lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to learn more about your rights as a property owner.

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