**Click Here to See the Original Post on WealthWithMortgage.com!**
Numbers are always extremely important to consider when buying, selling and financing a home. Each week, I receive a weekly market watch update providing the breakdown of the activity from last week. The report is provided by Heather Barglof at Peoples Company. As I continue to get them, I will continue to post them (with her permission of course). Here is her brief market commentary this week:
"There was a jump in new listings again this week which increased our overall inventory above the 2 month running average. We are still trending down from where we were last year, but as we move into spring our sales numbers should increase from where they are now."
(Click On Picture To Hugify)
I hope you enjoy these updates as much as I do!
**Click Here to See the Original Post on WealthWithMortgage.com!**
**Click Here To See The Original Post on WealthWithMortgage.com!**
Numbers are always extremely important to consider when buying, selling and financing a home. Each week, I recieve a weekly market watch update providing the breakdown of the activity from last week. The report is provided by Heather Barglof at Peoples Company. As I continue to get them, I will continue to post them (with her permission of course). Here is her breif market commentary this week:
"Below is a snapshot of how the market performed last week measured against the previous week and the average year to date numbers. In looking at the numbers over the last 3 months compared to the number of active listings today it looks as though there is just over a 9 month supply of homes in the Des Moines Metro. Six months' supply is considered a balanced market - when the number of listings roughly equals the number of buyers. Numbers over six represent a buyers' market and those below a sellers' market. We definitely have more inventory than we would all like, however active listings are slowly declining and we are moving into a busy time for real estate sales."
(Click Picture to Hugify)
I hope you continue to enjoy these brief updates as much as I do!
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**Click Here To See The Original Post on WealthWithMortgage.com!**
**Click Here To See The Original Post on WealthWithMortgage.com!**
Numbers are extremely important to consider when buying, selling and financing a home. Imagine what it would be like if there was simply a national weather forecast. Crazy thought huh? (Especially since it was 6 below on my drive into work today) It is also tough to have a comprehensive national real estate market report (although some folks get caught up in national statistics). This is exactly why I appreciate getting the Des Moines Market Update from Heather Barglof at Peoples Company. As I continue to get them, I will continue to post them (with her permission of course). Here is her breif market commentary this week:
Below is how the residential market in the Des Moines area performed last week. You can compare last week's new listings, pendings, sales, etc, to those of the prior week and the weekly running average for Jan 2008 as well as Jan 2007. Sales have picked up from a month or so ago, but things are still moving slower than many of us would like to see. 2007 ended with sales seeing a 7% decline over 2006. On the positive side our inventory continues to decline. The National Association of Realtors expects that existing home sales will hold steady the next few months and then continue to improve in 2009.
(Click to Hugify)
I hope you continue to enjoy these brief updates. I know I do!
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**Click Here To See The Original Post on WealthWithMortgage.com!**
Des Moines Market Watch 1/7/08 - 1/13/08
Numbers are extremely important to consider when buying, selling and financing a home. Each week I receive a summary of the market activity in my email and I find these statistics very valuable. Even though I cannot personally sell or help you purchase a home (I'm a money guy.. not a house guy). I can assist you in finding the right person for the job!
Below is last week's market summary. Looks like home sales were up last week!
(Click to Biggie Size It!)
Sorry for the photo quality. I will get that corrected next week.
The weekly market watch content is courtesy of Heather Barglof. Statistics are compiled from DMAAR.
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