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What the Future Holds for Our Market

Here’s a quick update on the market and where we predict it’s headed.

The beginning of this year was a very fast seller’s market, and it looks like we may have plateaued for a little while. We’re starting to see properties lingering on the market for more than 24 to 48 hours, and there are fewer bidding wars. Does that mean the market is changing?

We believe the market is changing, but only slightly. Most properties aren’t staying on the market for longer than a week to two weeks, and with all the activity we’ve experienced, we’re able to gauge where buyers think a property should be valued.

There’s actually a little more inventory now than there has been over the past few months!

What does that hold for the future? Typically during June and July each year, the market slows down slightly. That has a lot to do with people’s lifestyles; school is out, vacations are scheduled, and many people don’t even begin to look again until closer to the fall. However, that doesn’t mean there aren’t still plenty of transactions happening.

Additionally, interest rates are still low, so we still foresee a strong, fast-paced year ahead of us. There’s actually a little more inventory now than there has been over the past few months!

If you have any questions about the market in general, or buying and selling a home, reach out to us. We’d be happy to speak with you.

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Bought a Single Family home in 2019 in West Des Moines, IA. Tim helped my wife and I find our first home back in 2009. He got to know us and figured out what we were looking for, and he found the perfect house for us. Over the next few years he helped us buy an apartment building and two other houses, and last year when we decided to sell one of the houses  he made the selling process easy and fast. The things I like best about working with Tim are his deep understanding of both the local hou…