The Des Moines real estate market just hit the 9,000 year-to-date closed sales milestone, outpacing 2025 by 463 transactions and maintaining a steady 21-day pace per thousand sales. With interest rates dipping to 6.67% and a long-term look revealing a 63.5% median price increase since 2017, tune in for a breakdown of category pricing, days on market, and what to expect as we move toward fall.
Welcome back to the Des Moines Market Values show, where we are officially bringing back our weekly email updates to deliver local real estate analytics straight to your inbox. Designed specifically to give real estate agents a competitive edge, this week’s tutorial episode breaks down how to leverage our weekly inventory dashboards, pricing trends, and mortgage rate correlations to answer client questions on the spot and win more listings. Whether you are receiving this email notice again after a long break or tuning in on YouTube, stay subscribed and use these actionable market stats to power your real estate business every single week.

Central Iowa closed out July hitting 8,378 homes sold year-to-date—outpacing last year's pace by 5.5% as inventory climbs toward the 4,500 mark. In this episode, we break down why the market has settled into a balanced 4.0 months of supply, what rising price reductions mean for your listings, and how price tiers under $600k are shifting. Catch the full breakdown and download all 28 market graphics at DesMoinesMarketValues.com!
Want to learn how to predict where mortgage rates are heading before the headlines hit the news? In Week 30 of the SimplyDesMoines show, we demystify the 10-Year Treasury yield, unpack the benchmark "spread," and reveal how tracking this single stat can help you anticipate rate movements. Be sure to Subscribe to the channel to stay ahead of the Central Iowa market every week!
Welcome to Week 29 of the Simply Des Moines Market Values Show with your host, Les Sulgrove! As we hit the heart of July, we are dusting off the forecasting hat to chart the course for the Des Moines and Central Iowa real estate market through the end of the third quarter. In this episode, we will dive into shifting inventory trends—including a massive surge in existing condos and townhomes—and reveal hard-data predictions on home prices, pending sales, and what to expect as we head toward the end of the year. Let’s roll the intro and jump straight into this week's marketplace dashboard!
What happens when you mix serious Central Iowa real estate data with unfiltered banter from a secret, suspiciously warm location? In this special episode of Simply Des Moines Market Values, Les and Ken dive into a balanced summer market, revealing why year-to-date price reductions just crossed a staggering 10,000 milestone while inventory officially climbs back to pre-COVID levels. Tune in for Ken’s hyper-specific closed sales prediction, a heavy dose of playful bickering, and the exact stats you need to price your listings perfectly right now! Don’t forget to stick around for the blooper reel!
Our Central Iowa Midyear Market Review dives deep into the subtle, silent shifts driving our local real estate data as we cross into the second half of the year. We break down why rising housing inventory and stabilizing list prices are quietly creating clear paths of opportunity for both buyers and sellers across the metro. Plus, stick around until the very end for a major channel announcement and the reveal of next week’s special guest—you won't want to miss this!
In this week's episode of Des Moines Market Values, we connect the data from the recent NAR legislative meetings in D.C. directly to our local market. Discover why local inventory is surging toward 4,500 homes while mortgage rates show a new stabilization pattern. We analyze Dr. Jessica Lauts' research on untapped client segments—including the rise of "HENRYs" (High Earners Not Rich Yet) and baby boomers who are "style-sizing" rather than downsizing. Most importantly, stay until the end to see Dr. Lawrence Yun's newly revised, surprising economic predictions for the remainder of 2026.
The Central Iowa real estate market is hitting its stride and ramping up for a powerful summer! This week's episode highlights a major milestone as we comfortably surpassed 6,000 closed sales year-to-date, compounding an upward pace that is outpacing last year's data. Plus, with total inventory climbing past 4,200 listings, the market is striking a healthy balanced sweet spot that gives buyers more options without slowing down momentum. Click the link below to listen to the full episode and find out why these shifting dynamics mean it's a great time to make a move!
Is the real estate market hot or slow right now? This week, we dive into the "stop and go" feelings agents and consumers are experiencing, while breaking down the latest data on dropping mortgage rates and record-breaking home closings. Plus, we explore a potential shift in how we measure inventory scales to better reflect today's local market conditions. Stick around until the very end to participate in a quick, one-question survey that will help shape the future layout of the show!
Are market interest rates causing the summer real estate market to shift gears early? In this week's end-of-month episode, we break down the latest data, tracking a rise in active inventory above 4,000 listings alongside a recent dip in monthly pending sales. Tune in to see the historical graphics going back to 2009 and find out exactly how these trends impact buyers and sellers moving into June.
This week on Simply Des Moines Market Values, we explore a great milestone for local buyers as available inventory comfortably crosses the 4,000-listing mark nearly a month earlier than last year. While a recent uptick in mortgage interest rates to 6.51% has caused a normal mid-spring breather in pending sales, the market remains highly active and resilient. In fact, more than 10% of home sellers adjusted their pricing this past week, showing a practical readiness to partner with buyers and keep moving plans on track for the summer. Tune in with Les Sulgrove to see how these expanding choices and seller adjustments are creating some great strategic opportunities for your next move.
What’s really in a name? In this week's broadcast, we are diving deep into industry transparency and correcting a mistake I’ve been making since day one. Thanks to a brilliant viewer question from Ted Grandquist at LPT Realty, I realized I’ve been mislabeling a crucial metric and unintentionally giving you the wrong impression about our local data.
We are pulling back the curtain on the BOM (Back on Market) stat to explain the actual math behind that 34% figure—breaking down why a home returns to the market, how it differs from a true "fall-through" rate, and what it actually means for buyers and sellers today. Tune in for some honest data, real numbers, and the ultimate self-check on market clarity!
Les’ latest episode features a countdown of the top five trends every buyer and seller needs to know. He explores how "inventory illusions" and a healthy seller’s market are creating a landscape that mirrors 2019 stability while outpacing last year’s performance. From stabilizing price corrections to the latest closing milestones, discover why the current market is hitting its stride with over 4,200 closed sales year-to-date.
Les Sulgrove decodes the "inventory illusion" in this week's update, revealing a high-velocity market where homes are selling faster than ever. While total inventory seems flat, a surge in pending sales has eliminated buyer's markets across nearly every price point. Tune in to see why the Des Moines metro is shifting into a high-value seller's market just in time for the summer rush.
Week 17 is in the books, and this week I’m stepping onto the soapbox to address a critical issue threatening our MLS accuracy. We have a major problem with new construction listings being mislabeled as existing homes, which is skewing median list prices and causing REALTORS to send the wrong properties to their clients. I’m challenging every agent, builder partner, and data entry professional to watch this episode and help us demand a mandatory "Property Status" field to fix these "stinky" data errors and keep us all accurate professionals.
Stop guessing based on the "forecast" and start tracking the facts with the Des Moines Market Values weekly update. While weather predictions change by the hour, Les Sulgrove uses over 50 years of data to show you exactly why local inventory is growing and where mortgage rates are headed next. Visit Des Moines Market Values today to see this week's dashboard and get the clarity you need to navigate the market with confidence.
This week on SimplyDesMoines Market Values, Les Sulgrove dives into whether mortgage rates are truly driving the market or if seasonal trends are taking the wheel. Join us as we break down key factors like inventory hurdles, rising closed sales, and the real impact of the Federal Reserve's latest forecasts.
Don't miss this insightful look at how price reductions and buyer activity are shaping the Des Moines real estate landscape in 2026!
While an article in a local newspaper this weekend paints a grim picture of an "out of reach" housing market, our March report reveals a much more optimistic reality with inventory levels and seller activity actually outpacing 2025. Tune in to see the data-backed truth behind the headlines and how a surge in new listings is creating real opportunities for Des Moines buyers.
Spring has officially arrived in Iowa, and despite the "bipolar" weather, the real estate market is heating up with inventory nearing the 4,000-unit milestone and a surge of new listings expected this April. While interest rates saw a recent jump, home values are rising steadily and pending sales are outpacing last year, proving that buyer demand is successfully "eating up" the growing supply. Whether you’re looking to visit one of the 800+ open houses this weekend or considering selling while values climb toward their summer peak, now is the perfect time to jump into this active seller's market.
Unlock a whole new way to explain "fresh" versus "stale" inventory to your clients with this week’s breakdown of the Inventory Age Ratio. I’m introducing a brand-new graphic designed to help you pinpoint exactly where we sit relative to the 1.0 benchmark so you can provide the ultimate competitive edge for your spring listings.
We are seeing a steady climb in market activity this March, with over 400 new listings hitting the Des Moines area and weekly pendings reaching a new year-to-date high. Join us for Episode 346 as we analyze how these shifting inventory levels and current mortgage rates are impacting your local buying power. Stick around until the end for a special announcement of next week's debut of the "Inventory Age Ratio"—a brand-new statistic designed to measure market staleness.
The Des Moines real estate market is officially "off to the races" with six consecutive weeks of increased listings, and this week we’re diving deep into exactly where that inventory is coming from. While interest rates hover at 6%, we’re analyzing why buyers are still finding great value and how our current pace is actually outperforming 2025. Tune in to see the specific breakdown of new construction versus existing homes and find out why we expect days on market to drop dramatically in the coming weeks. We’re even revealing the "most valuable slide" of the week regarding pending sales—you won’t want to miss the data that shows where the market is headed next!
Is real estate rocket science or just real estate logic? This week, we dive into the "connection score" of the Des Moines market to see how data sets move together in predictable ways.
The big news: national mortgage rates have finally dipped below 6% for the first time in years, potentially sparking a "make me move" magic moment for buyers. With inventory rising and pending sales outperforming last year, the spring market is officially waking up—get the full February end-of-month breakdown and all the new colorful graphics at Des Moines Market Values.
This week, we’re highlighting why pricing your home correctly from day one is the difference between capturing market value and settling for wholesale prices. Statistically, homes that sell within the first 14 days close at 99.3% of their list price, whereas waiting just two weeks longer can trigger a 5% drop in your negotiated return. Don't let your property sit in the "danger zone"—leverage our current 6.01% interest rates and increased inventory to secure the best possible deal right now.
Des Moines Business Review of 2025 Real Estate - Inventory levels peaked at over 4,500 listings in late 2025, offering the most choice for buyers in over a decade. While February remains a prime month for negotiating price reductions, the "make me move" interest rate for many Iowans hovers around 5.75% to 6%, signaling a potential surge in activity if rates continue to stabilize.
Despite the Super Bowl and Olympic hype, the Des Moines real estate market is heating up as hungry buyers wake up to a 6.1% mortgage rate and a median list price of $330,000. Join Les Sulgrove for Week Six as he explores why inventory is dipping just as we hit the edge of a seller's market, providing the crucial data you need before next week’s big year-end report.
Join Les Sulgrove for Episode 340 as we kick off February with a deep dive into the January 2026 data. From shifting mortgage rates to brand-new statewide momentum forecasts, this episode is packed with the insights you need to navigate the Des Moines metro and beyond.
While the weather is freezing, the Des Moines market is moving as existing home inventory finally shifts back into a seller’s market with just 3.6 months of supply. Watch this week’s update to see our new Snapshot Graphic, which reveals exactly why the "perfect storm" of rising availability and cooling prices is a game-changer for your buying power.
The Des Moines real estate market just hit a huge milestone with mortgage rates dropping to their lowest level since 2022, creating a staggering $46,000 swing in affordability for local buyers. Join us for this week's edition of SimplyDesMoines Market Values as Les breaks down the latest inventory trends and give you an exclusive first look at our 2025 Year-End Heat Map.
Want to see why 2026 is already outperforming last year's housing market? Are you curious how our new, simplified graphics make tracking home values easier than ever? Join Les Sulgrove to see exactly where the Des Moines market is heading this week!
In this episode of Des Moines Market Values, we dive deep into the 2025 year-end data, revealing a significant shift toward a buyer's market as inventory rises and median sale prices cool to $285,000. We break down the staggering 19,698 price reductions seen last year and analyze why current 2026 mortgage rates—starting as low as 6.15%—could signal a surge in January activity.

As we wrap up Week 52, the 2025 Des Moines real estate market is shifting into a "balanced" territory with buyer power reaching some of its strongest levels all year. Join us as we break down the final weekly dashboard, revealing how a 12% boost in inventory and stabilizing median sale prices are setting the stage for a major market reset in 2026.
The Des Moines market is finding its momentum! Join Les Sulgrove for a look at the "Calm Before the Climb" as we celebrate surpassing 1,000 subscribers and explore the positive trends—including rising buying power and a healthy jump in inventory—that are paving the way for a bright 2026.
This week's Des Moines Real Estate Market Update reveals a rare "trifecta" of major news: the latest Fed rate cut, a new 13,000 closed sales milestone, and an update on buyer purchasing power! Click to watch now and understand how these changes impact Central Iowa buyers and sellers before the year ends.
Don't miss future crucial market insights—subscribe to the channel today!
Get a head start on 2026! This week, Les provides essential talking points and downloadable graphics to help you guide both buyer and seller clients through the slower holiday market. Learn why price reductions are trending, how inventory is increasing, and what current interest rate trends mean for the Des Moines real estate landscape as you prepare for the new year.
November was a month of dramatic contrast, shifting from warm early days to a major snowstorm at its close. Yet, the Des Moines real estate market showed resilience in sale pricing. Discover why the median list price is down year-over-year, where the market is still seeing seller's advantage, and if the recent dip in mortgage rates will spark a late-season surge.
This week, we’re breaking down what’s missing in the market and why today’s housing trends look eerily similar to 2019! With inventory still tight but rising, plus mortgage rates shifting, what does it mean for buyers and sellers? Plus, a teaser about two upcoming on-the-road episodes you won’t want to miss!
Cause and effect take center stage in this week's Central Iowa real estate update! Les Sulgrove explores how market shifts—like dropping mortgage rates and changing inventory levels—are shaping Des Moines and Central Iowa's housing trends. Plus, a fun look at what Sir Isaac Newton might have looked like today!
🏡 Curious about what’s next for the Des Moines real estate market? Join Les Sulgrove for an action-packed February Market Recap, where he breaks down how weather, inventory, and interest rates are shaping the market heading into spring. Will warming temps and potential rate cuts kickstart a buyer frenzy? Tune in and find out what’s really happening in central Iowa real estate — and why the next few months could be a game-changer! 🌷📊
Get ready for the latest episode of Des Moines Market Values—Florida Edition—where real estate insights meet laid-back Florida vibes and plenty of off-the-cuff banter. We break down weekly market trends, mortgage rate updates, and share candid outtakes from north of Tampa, all with a fun twist that you won't want to miss!
Step back in time with SimplyDesMoines as we compare today's real estate market to 2019! Discover key trends, inventory shifts, and pricing insights that show how closely we’re mirroring the past. Stay informed with expert analysis—subscribe now and never miss a market update!
In this week’s market update, Les Sulgrove provides an in-depth analysis of the real estate cycle, breaking it down into its four key phases: expansion, peak, slowdown, and recovery. He examines historical trends from 2010 onward, noting how COVID-19 disrupted the typical cycle by extending the expansion phase and delaying the expected slowdown. Sulgrove highlights key indicators such as inventory levels, buyer demand, home prices, and time on the market, discussing how the market appears to be shifting from slowdown into recovery in 2024 and questioning whether 2025 will mark the beginning of a new expansion. His insights emphasize the critical role of mortgage interest rates in shaping the market’s next phase.
It’s time for the 2024 Des Moines Market Values Year in Review Show! This past year, inventory climbed but fell just short of 4,000, mortgage rates remained above 6% nationally, and closed sales came within a handful of surpassing 2023 levels. Despite challenges, home prices continued to appreciate, with resale properties seeing a 5.7% increase. What’s next for 2025? Will inventory finally cross 4,000? Will mortgage rates stabilize? Get the full breakdown and key insights for the year ahead! #DesMoinesRealEstate #MarketUpdate #HousingTrends
The Des Moines Metro real estate market is experiencing impressive growth, with an average home value appreciation of 5.7% over the past year. This steady increase highlights the area's strong market potential, making it an excellent time to invest or sell. Whether you're buying your first home or considering an upgrade, the Des Moines market offers significant opportunities for equity growth.
If I told you that homes without price reductions in 2024 sold within 2% of their asking price and in just 16 days, while those experimenting with "Try It" pricing strategies sold for $30,000 less on average and took 77 days to sell—would you be surprised? In today’s episode, we’re diving into the importance of pricing your home correctly from the start to maximize value and minimize time on the market. Stick around for expert insights, real data, and actionable tips to navigate the 2025 housing market effectively.
Les Sulgrove discusses the Des Moines real estate market trends for 2025, noting that the market is currently in a balanced state with 5.7 months of inventory. Inventory has increased to 3,583 homes, up from 3,000 last year, and is expected to peak around March. Median list prices have stabilized at $350,000 for nine consecutive weeks. Open houses are surging, with over 1,400 this week, indicating strong buyer interest. Les emphasizes the importance of proper pricing for homes to sell effectively and promises to delve deeper into this topic in the next week's update.
This week, we’re diving into December’s market stats and trends, but the big news is our brand-new real estate dashboard! This all-in-one tool gives you key metrics at a glance, making it easier than ever to stay ahead in the market. Don’t miss the details – tune in now!
Les Sulgrove with Simply Des Moines Market Values previews the end of 2024 with a look at the key numbers that defined the housing market. Explore shifts in inventory, pricing patterns, and sales activity, plus some surprising stats to close out the year. Tune in for an insightful recap and a glimpse of what’s ahead!
Did September truly save the 2024 real estate market? In this week’s Simply Des Moines Market Values video, we break down how recent market trends, faster sales paces, and shifts in mortgage rates influenced the year’s recovery. Join us as we uncover the data behind a surprising fall surge and explore what it means for the housing market heading into 2025!
This week, Les Sulgrove of Simply Des Moines Market Values reviewed the core market graphics used throughout the year and invited feedback for 2025. Highlights include stabilized median list prices around $350,000, a noticeable uptick in pending sales following a September rate drop, and a balanced market with 5 months of inventory heading into the holidays. As 2024 concludes, the data reflects cautious optimism, with home prices holding steady and buyers demonstrating a willingness to invest in higher-priced properties.
Des Moines and Central Iowa's real estate market is showing resilience as home prices hold steady, with a 5% year-over-year increase in pending and closed sale prices despite fewer overall transactions. Existing homes are seeing close alignment between listing and sale prices, while new construction homes are experiencing slight price reductions driven by smaller footprints for affordability. With mortgage rates stabilizing near 6.69%, the market remains poised for cautious optimism as we approach year-end.
Discover key insights from Des Moines Market Values! This week, we explore how November activity impacted sales, highlight strong performance in new construction, and reveal how interest rates influence market activity. Stay informed with data-driven updates!
This week on Des Moines Market Values, we’re diving into how small changes, like shifts in mortgage interest rates, ripple through the real estate market. From surprising trends in pending sales to unexpected shifts in listing activity, we’ll explore the interconnected forces shaping home buying and selling. Tune in to understand how "everything happens for a reason" in the housing market—and how it could impact your next move!
It's the *2024 Year-End Prediction Review* with Les Sulgrove. Tune in as Les revisits his bold market forecasts from earlier in the year, analyzes the ups and downs of inventory, sales trends, and mortgage rates, and gives his insights on what to expect for 2025. Was he spot on or way off? Find out in this can't-miss episode filled with surprising data and predictions for the year ahead!
Catch a recap of the standout session with Dr. Lawrence Yun and Dr. Jessica Lautz as they dive into the latest economic trends and market insights. From optimism in the housing market to regional price differences and the impact of federal policies, this episode covers it all. Whether you’re a seasoned agent or just curious about the real estate landscape, join us for key takeaways and a deep dive into what’s next for buyers, sellers, and the industry at large!
In This Week’s Latest Market Report -
Don't miss out on these insights—watch now to stay ahead in the real estate game!
In this week’s SimplyDesMoines Market Values show, Les Sulgrove discusses the "Make Me Move" interest rate: a critical threshold between 5.5% and 6% where many homeowners are willing to enter the market. With current rates over 6.5%, fewer sellers are jumping in—but when rates dip closer to 6%, expect a renewed boost in market activity.
In this week’s SimplyDesMoines Real Estate Market Update, get ready for exclusive insights from Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS, who was in town for the Iowa Association of Realtors convention. Les Sulgrove shares key takeaways from Dr. Yun’s talk, including his expert predictions on market trends, interest rates, and home affordability. Don’t miss this episode for a breakdown of Dr. Yun’s forecasts and how they directly impact the Des Moines real estate market!
Catch this week’s Simply Des Moines Real Estate Market Update for the latest on Central Iowa’s housing trends. Les Sulgrove dives into current inventory levels of existing home stock, buyer sentiment, and the outlook for the rest of 2024. Whether you're buying or selling, this update provides key insights to help you navigate the market.
Tune in to Les Sulgrove's "Simply Des Moines Market Values" for a detailed review of the September and Q3 2024 real estate trends. Get insights on inventory levels, pricing shifts, and key market data for the Des Moines Metro area, all backed by 60 data-packed informative graphics.
There are many changes and challenges in the current real estate market. This week I am focusing on what we can and what we can’t control. The continued fall of 30-year mortgage interest rates is boosting pending sales and spurring on some pretty major price reductions as we are ready to begin the 4th Quarter of the year.
This week on Simply Des Moines Market Values, Les Sulgrove delves into the idea of "finding meaning in the meaningless" in the context of real estate. With big news like the Federal Reserve's recent 0.5% rate cut, he breaks down what this could mean for mortgage rates, inventory levels, and the overall market. Tune in for insights on how these changes could impact buyers and sellers as we move into the fall season!
Stay ahead of Des Moines real estate trends with our weekly video market report! In Week 37, we’re diving into the three biggest factors impacting the market—inventory, prices, and interest rates. Don't miss the latest insights, including data from the Fannie Mae National Housing Survey, to help you make informed real estate decisions.
Catch this week's Des Moines Market Values video for an in-depth look at the local real estate market's growing sense of urgency. From shifting sales trends to price reductions, discover why now might be the time to act. Tune in to get the latest insights, and don't forget to subscribe for updates!
Des Moines Market Values review for August is packed with insights! This month saw a slight increase in the number of homes listed, reversing a three-month downward trend, while mortgage interest rates dropped, encouraging more buyer activity. Despite some fluctuations, the market shows signs of stabilization, with consistent median list prices and a rebound in pending sales post-Iowa State Fair. As we move into the final months of the year, keep an eye on mortgage rates and inventory trends, which could influence market dynamics. Don't miss out on the latest updates at Des Moines Market Values!
Get ready for an exciting episode of Simply Des Moines Market Values! As we wrap up summer and dive into the last 18 weeks of 2024, we'll be forecasting the future of the Central Iowa real estate market. Despite the unpredictable weather, our data-driven analysis promises to provide valuable insights on inventory trends, pricing forecasts, and what to expect as we head into the final months of the year. Tune in and stay ahead of the market with us!
Curious about how the Iowa State Fair impacts local real estate? This week's market update dives into whether home sales take a hit during the fair. Les Sulgrove has completed in-depth analysis, and the results might surprise you! Tune in to find out if the fair frenzy slows down the market and what it could mean for buyers and sellers in the coming weeks.
Mortgage Rate Fever Has Broken! - Just like goldfish, we remember the low mortgage rates of the past, but today’s rates are finally on the downward slide, now dipping below 6.5%. Stay informed with SimplyDesMoines’ weekly real estate market report, where Les Sulgrove explores how these changes are influencing the Central Iowa market and what it means for you.
July sales are in the books! Stay informed with the latest insights on Central Iowa's real estate market! Discover how shifting inventory levels, pending sales trends, and median prices are shaping the landscape in 2024. Plus, learn why price reductions and closed sales numbers could be key indicators for your next move.
Discover the behind-the-scenes process of market analysis with Les Sulgrove on this week's episode of "Geek Week"! Uncover the meticulous steps and raw data insights that go into producing weekly real estate market updates. Whether you're a visual learner or a data enthusiast, this episode promises to reveal the intricate details of data interpretation and how it shapes market trends. Don't miss out on this unique deep dive!
On this week’s show, we're sitting down with David Bell from Gershman Mortgage to explore the latest changes in buyer representation and their impact in the real estate and mortgage markets. Get expert insights from a lender's perspective and learn what these shifts mean for homebuyers and home sellers. Don't miss out on this informative and entertaining episode!
Curious about the latest shifts in the Des Moines real estate market? Join Les Sulgrove as he dives into post-July 4th trends, exploring if this year marks a unique bounce back. With insights from the latest Fannie Mae reports and local market data, this video is packed with valuable information on buyer sentiment, mortgage rates, and more. Don't miss out—hit subscribe and stay informed on all the real estate buzz!
Join Les Sulgrove as he interprets the Des Moines housing market's mid-year review, providing valuable insights from seven years of historical data. Discover how the market has evolved, the impacts of COVID-19, and the promising recovery in inventory levels. Whether you're a buyer, seller, or investor, gain a strategic advantage with Les's expert analysis on trends in home values, inventory fluctuations, and market stability. Stay informed and ahead of the curve in Des Moines real estate!
Join us for this week's market update as we review the key highlights from June and discuss the latest trends in the real estate market. Inventory has reached its highest point since last year, with 683 more homes on the market, and median list prices have slightly decreased, giving homebuyers more confidence. We'll also touch on the impact of current mortgage rates and what to expect in the coming months. Tune in for all the details and don't forget to like, share, and leave your questions in the comments!
As we approach the halfway mark of the year, we'll dive deep into the latest trends across four key market segments, including an in-depth look at the condo and townhome sectors, thanks to viewer Marva McCarty's suggestion. Discover significant inventory changes, pricing trends, and sales data to stay informed and make the best real estate decisions. Don't miss this comprehensive overview of what's driving the market this week!
Join us this week at Simply Des Moines Market Values, where we break down the latest headlines in Central Iowa real estate! It's National Homeownership Month, and we're diving into Fannie Mae's latest Home Purchase Sentiment Index report, which shows a surprising drop in homebuyer sentiment. We'll compare this national data to our local market trends and help you understand what it all means for your home buying and selling decisions. Tune in to get the insights you need!
Join Les Sulgrove for this week's Des Moines and Central Iowa real estate market update! Les delves into the fascinating topic of the real estate cycle, explaining the typical 10-year phases: expansion, peak, slowdown, and recovery. He shares insights on how the local market is currently experiencing a slowdown, with an eye towards recovery and potential expansion by 2025. Discover how these cycles affect home inventory, buyer demand, and prices, and gain valuable knowledge to navigate the market effectively. Don’t miss this comprehensive analysis to stay ahead in the real estate game!
Welcome to the Des Moines Real Estate Market Update with Les Sulgrove! In this episode, we review the key trends for May 2024, including rising home inventories, fluctuating mortgage rates, and record-high median sale prices. Stay tuned to get the latest insights and make informed decisions in this dynamic market.
It’s summer’s kickoff weekend! Today, I will explore the dynamic trends in homes for sale and pending listings from 2009 to the present. I’ll also examine how median sale prices have stabilized post-COVID, review the steady pace of closed sales, and assess the impact of mortgage interest rates, which remain higher yet more consistent compared to 2023
Welcome to this week’s video! Today I’m discussing a challenging situation with a single-family two-story home that's been slow to sell despite recent price reductions totaling 10% from the original listing. We'll explore current market trends, particularly in pending sales, to understand if the slower buyer response is a broader market issue or specific to this listing. Join me!
This week, I am bringing you housing and market information from NAR Legislative meetings held last week in Washington DC. Since 1995, the U.S. population has surged by 70 million, driving demand in a market already constrained by a persistent shortage of homes for sale. As a result, first time home buyers continue to suffer the most coupled with having to compete with investors in the entry level price points and mortgage interest rates at or near 7%. In all this, there is still optimism and hope. Join me for a special NAR economic update report.
Every month it is becoming apparent that the real estate market is returning to pre-covid activities. Homes for sale inventory is climbing and sale prices are leveling off. Time on the market is at a slower pace than what we’ve seen the last two years. The market is finding its balance.
It sounds like a simple solution! There are over 2,400 REALTORS in the Des Moines Area Association of REALTORS and if everyone would just list one house this next week, the listing shortage would be over!
With the 30-year fixed rate mortgage average rising above 7%, the question on many minds is if this affecting the real estate market.
There are so many distractions in the real estate industry. Rather than letting that drag you down, focus on what you can control in your business.
Real estate started more like a small lion and ended the month as a larger lion. Most every category improved as the days went on. This week’s show recaps those highlights and formally sets the stage for real estate in the second quarter.
We are at the end of the first quarter for 2024 and signs continue to show a track for an improved real estate market over 2023.
All of the market indicators are pointing to a strengthening market. Homes for sale are on the rise, pending sales are making a statement and all of this means that we are on track to close more homes in 2024 than last year.
I’m on the road this week at an “undisclosed” location according to my special guest. In fact, he commandeered the show and held me hostage. Let’s see how he did! This week is all about Existing Home sale activity.
Mortgage interest rates and the economy. There’s no surprise that consumers are sensitive to the cost of borrowing money for a mortgage.
Mortgage interest rates and the economy. There’s no surprise that consumers are sensitive to the cost of borrowing money for a mortgage.
February was the nicest month of the year so far! How often can you say that! What business was delayed in January picked up in February with a boost in new listings and more offers accepted. I’ll take a 29 day February like this any year!
This is the final week of a three week series on the market pricing and trends. Focusing on Sold data, this week is interesting as some numbers are down due to the heavy winter weeks at the beginning of the year.
The second week in a three week series looking sale and pricing trends continues with the spotlight on Pending transactions.
It’s almost the middle of February already and with an early spring predicted, I thought it would be a good idea to take a look at early home inventory and pricing trends.
Ok, I know it just feels like January was extended.. but it was worth the wait for 50 plus degree temps for the start of February!
This year’s report is an extended video with links to Jump In segments like I did the last two years. Besides the video, the link to this week’s show contains over 800 graphics complied from this year’s data!
As I am finishing up the 2023 Year in Review charts and graphics, I want to show you the updated format for my graphics this year. **Bonus Sneak Peek of Year End**
After a second year of rising mortgage interest rates, home values in most of the metro markets showed a positive gain in price appreciation.
This week’s show focuses on December and 4th Quarter market activity for 2023.
I’ve taken a snapshot of the last day of 2023! In the coming weeks, I will be reporting on these numbers and prices.
This week broke a record for the year with more weeks in a row of mortgage interest rate drops that equates to over a 1% downward change.
Mortgage interest rates have dropped for the past seven weeks and that has encouraged many homebuyers to get back out in their cars and look at homes.
With the drop of mortgage interest rates now in the 6% range, homebuyers are taking advantage and going under contract rather than give up the search until January.
November was more about mortgage interest rates finally falling after hitting a 23 year high.
We are almost down to the final month of the year and it’s time to make a few projections about where the local real estate market for 2023 will end up.
This years report brings cautious optimism for the housing market for 2024
Last week, it seemed like the price ceiling was falling for new construction homes.
This week’s show is all about what happened in October.
It’s time to be an observationalist!
This week I’m focusing on the comparison of key year to date metrics vs 2021 & 2022.
This is one of the most common statements of a home seller at the time they list their home.
This week is a closer look at how the 3rd Quarter of this year compared to Q1 & Q2
The biggest news for September real estate news would be Mortgage Interest Rates and surpassing 10,000 closed sales for the year.
I have a question this week. Does history repeat itself?
This week I’m talking about how sale pendings can drive the year end closed sale counts. The outlook is encouraging!
How Many Homes Will Sell in 2023?
Affordability is slowing the Central Iowa Real Estate Market resulting in slower home sales pace.
This weeks show I'm taking a look at some of the activity that is “outside the norm”.
This past week, I watched a replay of Altos Research’s monthly webinar titled “Early signals for the fall real estate market”
On the surface, it looks like we have growth in our home inventory - What's really driving these numbers?
This week’s show is all about what happened during the month of July in Central Iowa real estate
The Central Iowa real estate market is changing. Home prices are beginning come down, ever so slowly.
In a real estate market that is driven by headlines and news stories, it's important to look past the hype and search for the real story.
This week’s show is an in depth look into the Central Iowa market. I am looking at different factors that affect the market pace including unemployment, buyer demand, savings for down payments and of course mortgage interest rates and home prices!
This week I dive into the real estate market activity for Central Iowa during the second quarter of the year. Join me as I explore the latest trends, property values and mortgage interest rates that shape the real estate market landscape.
Welcome back to Simply Des Moines market update! Home sales in Central Iowa have surpassed the milestone of 6,000 closed sales only 22 days after going past 5,000!
In this weeks video, I bring you a comprehensive overview of the market data, highlighting the weekly trends and shifts that occurred through the last week of spring.
In this week’s video, I analyze today’s real estate market trends compared to 2019.
The Summer market is knocking on the door with only about three weeks of spring left!
In an effort to make each day’s Hotsheet report more valuable, I have enhanced the Daily Market Hotsheet format.
The last time home sales were at this level was in 2019, just prior to Covid. Week 20 home inventory levels rose week over week by the largest margin all year as the pace of sales see a three week decline.
Join Les Sulgrove with this week’s Des Moines Market Values video as he brings you a recap of NAR Chief Economist, Lawerence Yun’s message to REALTORS in Washington DC last week. Discover valuable insights and find out what this means for buyers, sellers, and homeowners here in Central Iowa as the spring market is gaining momentum.
An inverted market occurs when the number of homes under contract exceeds the number of homes for sale.
The Central Iowa real estate market is experiencing a leveling off in the number of homes for sale.
More buyers are hitting the streets this past week evidenced by a rise in pending sales.
I update the Daily Market Hotshot at the end of every day.
There’s no denying it.. this real estate market is different from the last couple of years.
End of March and End of 1st Quarter numbers are out! Some interesting trends are beginning to appear as we await the first sounds of lawn mowers firing up in the Central Iowa market!
As spring weather tries to take hold, this past week saw a milestone arrive in closed sale counts and median sale prices are stabilizing.
Spring officially arrived today! (Monday) And this week is showing signs of an uptick in the market pace, which should be no surprise.
All Heck Is About The Break Loose In The Central Iowa Real Estate Market
This week’s show is a recap of the February market.
The focus this week is on Year over Year trends with an added Year from a suggestion!
Join me this week and we’ll talk about where we are as we head to the spring market.
This weeks show is all about the pace of the real estate market. We are poised for good things to happen in 2023!
It’s official! The Punxsutawney Phil woke up and saw his shadow this past week, which translates into six more weeks of winter real estate sales.
This week I introduce new updated weekly graphics to compare with 2022. I also debut a Daily Market Hotsheet report that will be published every evening at www.DesMoinesMarketValues.com. Lastly, what can we learn from New Construction Condo/Townhomes so far this year? Click that YouTube link and sit back for a few minutes and find out!
I'm working overtime to update and revamp all of my weekly market stats!
You've been waiting for it and it's now available! 2022 Year In Review show is here!
End of December Market Report AND Sneak Preview of Year End Sales
4th Quarter Analysis of Central Iowa Real Estate
Followup To Last Week - The Swing In Sold Pricing This Year
The Swing In List Pricing This Year
Final Year End Projections Week!
November End of Month Recap - 11 Down - 1 To Go!
Comparison Week - 2022 vs 2021 At Thanksgiving
Managing Year End Expectations
What Do You Get When You Cross A Real Estate Convention And A Hurricane?
October Home Sales End with No Tricks and Some Treats
Year End Predictions
ABC - Always. Be. Closing.
It's Decision Pending Week
Three of Four Quarters of Central Iowa Real Estate Is In The Books!
End of September Special Report for Central Iowa Real Estate
Highs & Lows Of New Construction In The Central Iowa Real Estate Market
Travel Back To 2008 In The Central Iowa Real Estate Market
Spotlight On Central Iowa New Construction Condo-Townhomes
Labor Day Is Upon Us As Central Iowa Real Estate Heads Toward Fall
Change Ahead - The Central Iowa Real Estate Cycle Explained
Is The Central Iowa Real Estate Market At A Crossroad?
You may have noticed that the Iowa State Fair has started, the heat indexes have been high, vacation season is in full swing and every school age child is preparing to get back to class! What does this mean for the Central Iowa real estate business? Hit the play button and find out!
Should I say or should I make you watch this week’s video to find out? It’s a short one…. I think I’m going to keep the tease going and all I will say is that “It Finally Happened!!”… Now hit that play button!
Familiarity Returns To The Des Moines & Central Iowa Real Estate Market
We Are Beginning To See Serious Price Reductions In The Des Moines & Central Iowa Real Estate Market
Des Moines Real Estate Market Stats Exposed! - I Mean Revealed!!
My Favorite View Of Des Moines Real Estate Market Stats - By Quarter!
Fireworks! - Breaking News! - End of June Recap!
This Week I’m Cleaning Out The Fridge! It’s Des Moines Market Stat Leftover Week!
The Federal Reserve Rate vs Home Mortgage Interest Rates - Explained!
Are Price Reductions Making A Comeback In Des Moines Real Estate?
How Different Was May 2022 Compared to May 2021?
What To Watch For In A Changing Market
Forget About Signs of Change - It’s Time To Adapt!
It's Nerd Week! National Real Estate Market vs Central Iowa
Signs, Signs, Everywhere Are Signs...
How Far Has Buying Power Dropped Since January 2022?
Show Me The Comps!
Dress For The Weather!
It's Time For A Market Checkup
It's Time For A Market Checkup
It's Time For A Market Checkup
The Sky is Falling! The Sky is Falling!!
It’s Open House Season!
February Market Review for Central Iowa Real Estate
Congratulations! It's a Listing!
Is There Such A Thing As Months of Inventory?
What’s The Deal About Sale Pendings?
Des Moines Real Estate Market Stats 100th Episode!
A Peak Behind The Curtain Of Des Moines Real Estate Market Stats
Des Moines Real Estate And The Big Slide
For Des Moines and Central Iowa
Des Moines Real Estate Survives Winter Storm Izzy
It's a New Week, a New Year and a New Show Format!
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