2011 Market Report for Des Moines, Washington
Des Moines real estate was a hot topic this last year. Now that the year is over we can report activity, averages and trends in this 2011 Market Report for Des Moines, Washington.
I would characterize Des Moines real estate activity as brisk and picking up based on the experience of the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days!
However the overall statistics for Des Moines are sobering. Look at this graph. The red bar is the number of houses for sale in any given month. The Green bar is the number of houses sold in any given month. Which of these two categories would you want to be in? The red category, or the green category? If you use The Phil Leng Team to sell your property this year, we will help you get into the sold category!
The trend of median sold prices in Des Moines appears to be somewhat level from this next graph. The median price in this 2011 Market Report for Des Moines, Washington went down 15% from Dec to Dec, but overall seems to be steady through 2011.
Perhaps the good news in Des Moines is that the number of new properties going for sale every month seems to have dropped over the last half of the year. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale? It is just an aggravation for you.
The average Days on Market in Des Moines is way too high. The year ended with a 115 days on the market average. If you really do need to sell, make sure you put your home for sale with a realtor like the Phil Leng Team, who have a proven track record of selling homes in this economy.
If you are a serious seller and need to sell, the next graph is better news. The Months supply of inventory in Des Moines Washington has gone down. The graph shows 62% over the year. I believe this is a real trend from this 2011 Market Report for Des Moines, Washington as those who do not really need to sell simply defer their plans until a later time.
My pitch? If you are a serious seller and need to sell this next year in Des Moines, hire the Phil Leng Team. We have the experience and the track record to help you reach your real estate goals this year.
All data for this 2011 Market Report for Des Moines, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.