Here’s a quick look at what to expect from this summer’s market.
Low inventory has been the story of the year so far. There are two buyers for every listing nationally, and that’s true in Des Moines as well.
There’s been chatter about an influx of listings in the near future. This is good news for buyers, who are going to have a few more options out there. With that said, I encourage you to have patience as a buyer in this market.
It’s not easy to find a house, let alone win one, but the reward of finding the right home is great. June and July are typically the busiest months of the year for sales, and I expect that trend to continue this year.
A typical cycle for real estate goes like this: The spring market starts on January 1 and goes through April. May, June, and July make up the summer market, which is the most active time of the year. August starts the fall market before sales cool off toward the end of the year.
If you have a time crunch and need to get into a home soon, reach out to us, and we can help. We’re always here to help you navigate the market and offer our expertise. If you have any questions, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.