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SimplyDesMoines Market Reports

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SimplyDesMoines Market Reports

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Latest Videos

Week 20, 2025 - A Home Is Most Marketable the Moment It Hits the Market – Make That Moment Count

This week on Simply Des Moines, Les Sulgrove dives into the power of pricing and why it’s make-or-break in today’s real estate market. With price reductions surging to record highs and buyers holding out for value, now more than ever, your listing strategy matters. Tune in to see the latest trends, hard data, and one powerful quote that could change how you price your next listing!

Week 19, 2025 - Are Mortgage Rates Holding Buyers Back? It Depends on Their Perspective

Are mortgage rates really slowing down homebuyers, or is it all about perspective? This week, Les Sulgrove explains how "interest rate memory" is shaping buyer behavior—some buyers see 6.75% as a barrier, while others remember much higher rates and keep moving forward. With inventory up 23% and closed sales pacing ahead of last year, the Central Iowa market shows surprising strength in key segments.

Week 18, 2025 - Inventory Rebounds: More Homes, More Opportunities This Spring

April brought a surge of new listings to Central Iowa, pushing active inventory 21% higher than this time last year—marking the highest level since before the pandemic. Les takes a deep dive into what this means for buyers and sellers as the spring market gains traction. From balanced conditions in new construction to a resurgence in condo listings, the market is shifting. Tune in for the full breakdown, pricing trends, and a special shoutout to Simply Des Moines’ newest (and youngest) fan.

Week 17, 2025 - Cranky Les Alert: Why MLS Data Accuracy Matters More Than You Think This Week

This week’s market update comes with a friendly—but important—reminder! Data accuracy in the MLS isn’t just a nice-to-have—it’s essential for reliable market stats, appraisals, and builder decisions. Tune in as I explain why even one miscategorized listing can throw off the numbers and how we all can do better to keep our data clean and our clients informed.

Week 16, 2025 - Real Estate Is a Relay, Not a Sprint! Central Iowa Market Gains Momentum

This week on Simply Des Moines Market Values, Les Sulgrove explains why the Central Iowa real estate market is more like a relay than a sprint. With closed sales surpassing 3,000 two days earlier than last year and inventory up 20%, momentum is building heading into the heart of spring. Tune in to see how condo-townhome resales are leading the pace and why this market might just be hitting its stride.

Week 15, 2025 - Spring Market Surge or Media Mirage? Stay Focused Amid Mixed Messages!

This week’s show dives into the “mixed messages” surrounding today’s housing market — from fluctuating rates to national news distractions. Les Sulgrove shares why staying focused on local real estate trends is more important than ever, especially with inventory rising and price adjustments making homes more affordable. Don’t miss this spring market update filled with grounded insights and encouraging signs ahead.

Week 14, 2025 - Q1 2025 Conquered! March Ends with Market Growth Momentum

We've wrapped up the first quarter of 2025, and the real estate market is showing promising signs of growth. Active inventory is up 19% year-over-year, with condo townhomes seeing an impressive 85% increase. The spring market is officially underway, and we’re on track for a strong second quarter. Stay tuned for more insights and trends!

Week 13, 2025 - 🏡 Des Moines Real Estate Market Update from Bonneville Salt Flats: Days on Market & Inventory Trends

Join Les Sulgrove on a coast-to-coast real estate adventure! This week, he's reporting from the iconic Bonneville Salt Flats in Utah, diving into the latest market trends, days on market, and months of inventory. Subscribe to Des Moines Market Values and stay ahead of the real estate game!

Week 12, 2025 - This Week’s Market Insights with a Devilish Twist

📍This week’s episode of Simply Des Moines Market Values comes to you from Devil’s Tower, Wyoming! Les Sulgrove shares market updates from the road, highlighting a strong jump in new listings and a key milestone in closed sales. Tune in to see how the details are starting to matter—and why the devil might just be in them.

Latest Videos

Week 11, 2025 - 🏡 Des Moines Real Estate Market: Are We Back in 2019? 📊

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!

Week 10, 2025 - Newton’s Cradle & Real Estate: The Cause and Effect of Market Trends in Central Iowa

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! 

Week 9, 2025 - February Market Recap: Is Des Moines Real Estate Heating Up for Spring?

🏡 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! 🌷📊

Week 8, 2025 - Real Estate Trends & Mortgage Rate Update with my special guest Ken Clark!

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!

Week 7, 2025 - Des Moines Real Estate Market: Is 2025 the New 2019? Trends, Insights & Predictions!

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! 

Week 6, 2025 - Real Estate Cycles Explained: Are We in Recovery or Expansion for 2025?

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.

Week 5, 2025 - Des Moines Housing Market: 2024 Recap & 2025 Outlook

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

Week 4, 2025 - 2024 Annual Market Results: Des Moines Metro Home Values Show Overall Appreciation

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.

Week 3, 2025 - Price it Right or Lose $30K: 2025 Home Pricing Strategies You Need to Know!

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.

Week 2, 2025 - Balanced Market, Rising Inventory, and Strong Buyer Interest—Will 2025 Be the Turnaround Year?

 

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.

Week 1, 2025 - Kick Off 2025 with Market Insights & a Game-Changing Dashboard!

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!

Week 52 2024 - Previewing 2024 Year-End Housing Numbers: Key Stats & Surprises | Simply Des Moines

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!

Latest Videos

Week 51 2024 - Did September Save the 2024 Real Estate Market? Let’s Break It Down!

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!

Week 50 2024 - Des Moines Market Recap: YTD Trends and Your Chance to Shape 2025’s Insights!

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.

Week 49 2024 - Des Moines Home Prices Hold Steady with 5% Growth Despite Market Slowdown

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.

Week 48 2024 - November in Focus: Key Sales, Inventory Changes, and Insights on Des Moines Real Estate!

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!

Week 47 2024 - The Butterfly Effect: How Small Changes Shape Des Moines Real Estate Trends

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!

Week 46 2024 - 2024 Predictions Recap: Did Les Nail It or Fail It? Tune In to Find Out!

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!

Week 45 2024 - Tune in to This Week's Show from NAR NXT Convention in Boston!

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!

Week 44 2024 - Discover 2 key takeaways from the month of October in this week’s real estate market report at DesMoinesMarketValues.com

In This Week’s Latest Market Report -  

  • Learn how rising mortgage rates impacted buyer power and market activity, shifting the landscape as we move into November. 
  • See how inventory trends reveal the most active price points and what that means for sellers. 

Don't miss out on these insights—watch now to stay ahead in the real estate game!

Week 43 2024 - Will Lower Interest Rates Bring Sellers Back? Des Moines Market Update - SimplyDesMoines Market Values Week 43

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. 


Week 42 2024 - Dr. Yun's Expert Market Predictions: What’s Ahead for Des Moines Real Estate!

 

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!

Week 41 2024 - Currents of Change: Exploring Shifts in Central Iowa’s Real Estate Landscape

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.

Week 40 2024 - Discover Des Moines Q3 2024 Real Estate Trends: Watch the Latest Market Breakdown on Des Moines Market Values!

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.

Latest Videos

Week 39 2024 - Sellers Are Getting Serious - The Average Price Reduction This Week Was $10,230!

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. 

Week 38 2024 - Fed Rate Cut: 5 Key Impacts on Des Moines Real Estate You Need to Know!

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!

Week 37 2024 - Discover the 3 Key Factors Driving Des Moines Real Estate Market in Week 37 – Watch Now!

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.

Week 36 2024 - Urgency Hits Des Moines Real Estate: Key Market Shifts and Trends You Need to Know

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!

Week 35 2024 - August Market Recap: Des Moines Real Estate Trends, Listings, and Interest Rate Changes!

 

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!

Week 34 2024 - Des Moines Real Estate Forecast: What's Ahead for the Last 18 Weeks of 2024!

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!

Week 33 2024 - Does the Iowa State Fair Stall Real Estate Sales? Discover Surprising Insights in This Week’s Market Update!

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.

Week 32 2024 - Breaking: Mortgage Rates Dip Below 6.5%—What It Means for Central Iowa’s Real Estate Market!

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.

Week 31 2024 - Top 5 Market Indicators You Need to Watch in Central Iowa Real Estate for 2024

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.

Week 30 2024 - It’s Geek Week: Les Sulgrove Reveals Secrets And Insights Behind Real Estate Market Analysis

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!

Week 29 2024 - Navigate New Real Estate Rules Through A Conversation With Mortgage Expert David Bell – Watch Now!

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!

Week 28 2024 - Des Moines Real Estate Market: Post-July 4th Bounce Back? Insights You Can't Miss!

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!

Latest Videos

Week 27 2024 - 3 Must-Know Trends From This Week’s Des Moines Housing Market Update

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!

Week 26 2024 - June Real Estate Update: Record Inventory and New Opportunities for Homebuyers!

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!

Week 25 2024 - Unlock Key Des Moines Market Trends: Big Shifts in Homes, Condos, and Townhomes!

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!

Week 24 2024 - Fannie Mae Reports Homebuyer Sentiment At New Low: Is It Just Headline Bait?

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!

Week 23 2024 - Unlock the Secrets of the Real Estate Cycle: Discover Where Des Moines Market is Headed in 2025!

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!

Week 22 2024 - May 2024 Des Moines Real Estate Market Update: Record Prices & Rising Inventories - What You Need To Know!

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.

Week 21 2024 - Heading Into The Summer 2024 Real Estate Market: Trends, Prices, and Insider Insights

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

Week 20 2024 - Why Isn’t This Home Selling? Market Trends Revealed In This Week’s Show!

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!

Week 19 2024 - From DC to Your Doorstep: NAR’s Latest Insights from Chief Economist, Dr. Lawrence Yun

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.

Week 18 2024 - Changes Appearing In The April Central Iowa Real Estate Market Recap

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.

Week 17 2024 - If Everyone Would List Just One More Home For Sale Under $400,000

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!

Week 16 2024 - Are Rising Mortgage Interest Rates Cooling The Real Estate Market?

With the 30-year fixed rate mortgage average rising above 7%, the question on many minds is if this affecting the real estate market. 

Latest Videos

Week 15 2024 - So Many Moving Parts - Focus On What You Can Control

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.

Week 14 2024 - March Central Iowa Real Estate: In Like A Lamb? ~ Out Like A Lion?

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.

Week 13 2024 - The Beginning of a Revival For Central Iowa Real Estate

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.

Week 12 2024 - Signs That The Central Iowa Real Estate Market Is Improving

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.

Week 11 2024 - Central Iowa Real Estate Analysis With A Special Guest!

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.

Week 10 2024 - The Determining Factor For 2024 Real Estate

Mortgage interest rates and the economy. There’s no surprise that consumers are sensitive to the cost of borrowing money for a mortgage. 

Week 10 2024 - The Determining Factor For 2024 Real Estate

Mortgage interest rates and the economy. There’s no surprise that consumers are sensitive to the cost of borrowing money for a mortgage. 

Week 9 2024 - February End of Month Report

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!

Week 8 2024 - First Look At Closed Sales & Pricing Trends

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. 

Week 7 2024 - First Look At Pending Sales & Pricing Trends

The second week in a three week series looking sale and pricing trends continues with the spotlight on Pending transactions.

Week 6 2024 - First Look At Homes For Sale & Pricing Trends

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.

Week 5 2024 - January Was The Longest Year In Des Moines Real Estate!

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!

Latest Videos

Week 4 2024 - 2023 State Of The Market Annual Report - Full Video

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!

Week 3 2024 - SimplyDesMoines Introduces New Des Moines Market Values Reports!

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**

Week 2 2024 - Central Iowa Home Prices Show Moderate Growth In Most Of The Des Moines Metro

After a second year of rising mortgage interest rates, home values in most of the metro markets showed a positive gain in price appreciation. 

Week 1 2024 - It’s a New Year For Central Iowa Real Estate!

This week’s show focuses on December and 4th Quarter market activity for 2023.

Week 52 - The End of 2023 Is Here! Welcome to 2024!!

I’ve taken a snapshot of the last day of 2023! In the coming weeks, I will be reporting on these numbers and prices. 

Week 51 - Mortgage Interest Rates Decline For 8 Weeks Straight!

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.

Week 50 - Home Buyers In Central Iowa Experienced A Roller Coaster Year

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.

Week 49 - 49 Down - 3 To Go! There’s Still More Business To Do In 2023!

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.

Week 48 - November - The Month Mortgage Interest Rates Changed

November was more about mortgage interest rates finally falling after hitting a 23 year high.

Week 47 - It’s Projection Week for Central Iowa Real Estate!

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.

Week 46 - NAR Housing and Economic Outlook Report from Anaheim CA

This years report brings cautious optimism for the housing market for 2024

Week 45 - New Home Pricing - Anything To See Here Folks?

Last week, it seemed like the price ceiling was falling for new construction homes.

Latest Videos

Week 44 - The Month of October Is In The Books!

This week’s show is all about what happened in October.

Week 43 - React Less & Observe More

It’s time to be an observationalist!

Week 42 - Behind The Curtain Week

This week I’m focusing on the comparison of key year to date metrics vs 2021 & 2022.

Week 41 - “Let’s List It Higher - We Can Always Come Down”

This is one of the most common statements of a home seller at the time they list their home.

Week 40 - Central Iowa Real Estate Market 3rd Quarter Report

This week is a closer look at how the 3rd Quarter of this year compared to Q1 & Q2

Week 39 - September Is In The Books For Central Iowa Real Estate

The biggest news for September real estate news would be Mortgage Interest Rates and surpassing 10,000 closed sales for the year.

Week 38 - The Average Mortgage Interest Rate in 1971 was 7 1/2%.

I have a question this week. Does history repeat itself? 

Week 37 - There’s A Spark In The Central Iowa Real Estate Market

This week I’m talking about how sale pendings can drive the year end closed sale counts. The outlook is encouraging!

Week 36 - It’s The Beginning of Prediction Season

How Many Homes Will Sell in 2023?

Week 35 - August Recorded Steady Inventory Growth

Affordability is slowing the Central Iowa Real Estate Market resulting in slower home sales pace.

Week 34 - Bom’s - Inventory & Rates - Sale Prices “What’s Happening To Our Market?”

This weeks show I'm taking a look at some of the activity that is “outside the norm”.

Week 33 - Let’s Play Follow The Leader! I’ll Be Interest Rates - You Can Be Home Inventory

This past week, I watched a replay of Altos Research’s monthly webinar titled “Early signals for the fall real estate market”

Latest Videos

Week 32 - State Fair Time And The Real Estate Market

On the surface, it looks like we have growth in our home inventory - What's really driving these numbers?

Week 31 - July Market Review

This week’s show is all about what happened during the month of July in Central Iowa real estate

Week 30 - Proper Pricing vs Testing The Market

The Central Iowa real estate market is changing. Home prices are beginning come down, ever so slowly.

Week 29 - React Less - Observe More

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.

Week 28 - What Is The Tipping Point For Central Iowa’s Real Estate Market

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!

Week 27 - Recapping Q2 2023 Real Estate Market in Des Moines and Central Iowa!

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.

Week 26 -Central Iowa Home Sales Skyrocket Over 6,000 in a Week! June Real Estate Market Recap Revealed!

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!

Week 24 - Exploring the Pulse of Spring’s Last Week

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.

Week 23 - How Today's Real Estate Market Mirrors 2019's Trends

In this week’s video, I analyze today’s real estate market trends compared to 2019.

Week 22 Central Iowa Real Estate - End of May Review

The Summer market is knocking on the door with only about three weeks of spring left!

Week 21 Central Iowa Real Estate Memorial Weekend Report and Announcement

In an effort to make each day’s Hotsheet report more valuable, I have enhanced the Daily Market Hotsheet format.

Week 20 Central Iowa Home Sales Surpass 4,000, but Lag Behind Last Year by 1,100, Reflecting Market Turning Point

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.

Latest Videos

Week 19 National Real Estate Market Shows Signs of Weakness, But Optimism Persists for Future Recovery

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.

Week 18 Real Estate Market Alert: Central Iowa Experiences Inverted Market Shift

An inverted market occurs when the number of homes under contract exceeds the number of homes for sale.

Week 17 Spring Market in Full Bloom, Central Iowa Real Estate Shows Increase in Pendings Sales, Yet Behind Last Year’s Figures

The Central Iowa real estate market is experiencing a leveling off in the number of homes for sale.

Week 16 Shows Market Movement in Central Iowa!

More buyers are hitting the streets this past week evidenced by a rise in pending sales.

Week 15 “A Photograph Is Usually Looked At - Seldom Looked Into” ~ Ansel Adams

I update the Daily Market Hotshot at the end of every day.

Week 14 - Do We Have A Listing Shortage or a Buyer Shortage?

There’s no denying it.. this real estate market is different from the last couple of years.

Week 13 - Three Full Months of 2023 Central Iowa Real Estate In The Books!

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!

Week 12 - Pricing Week and Automated Valuation Models

As spring weather tries to take hold, this past week saw a milestone arrive in closed sale counts and median sale prices are stabilizing.

Week 11 - This Week Is All About The Pace

Spring officially arrived today! (Monday) And this week is showing signs of an uptick in the market pace, which should be no surprise. 

Week 10 - One Week To Spring!

All Heck Is About The Break Loose In The Central Iowa Real Estate Market

Week 9 - What Happened To Central Iowa Real Estate In February?

This week’s show is a recap of the February market.

Week 8 - Year Over Year Over Year week - From a Remote Location with a Guest!

The focus this week is on Year over Year trends with an added Year from a suggestion!

Latest Videos

Week 7 - Is The Central Iowa Real Estate Market In Recovery?

Join me this week and we’ll talk about where we are as we head to the spring market.

Week 6 - REALTORS® Start Your Engines!

This weeks show is all about the pace of the real estate market. We are poised for good things to happen in 2023!

Week 5 - January Showing Good Signs For The Central Iowa Real Estate Market

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.

Week 4 - Opportunities Are Ahead In The Central Iowa Real Estate Market

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!

Week 3 - 2023 Real Estate Sales Off And Running

I'm working overtime to update and revamp all of my weekly market stats!

Week 2 - 2023 State of the Market Show

You've been waiting for it and it's now available! 2022 Year In Review show is here!

Week 1 - 2023 Market Update

End of December Market Report AND Sneak Preview of Year End Sales

Week 52 Market Update

4th Quarter Analysis of Central Iowa Real Estate

Week 51 Market Update

Followup To Last Week - The Swing In Sold Pricing This Year

Week 50 Market Update

The Swing In List Pricing This Year

Week 49 Market Update

Final Year End Projections Week!

Week 48 Market Update

November End of Month Recap - 11 Down - 1 To Go!

Week 47 Market Update

Comparison Week - 2022 vs 2021 At Thanksgiving

Week 46 Market Update

Managing Year End Expectations

Week 45 Market Update

What Do You Get When You Cross A Real Estate Convention And A Hurricane?

Week 44 Market Update

October Home Sales End with No Tricks and Some Treats

Week 43 Market Update

Year End Predictions

Week 42 Market Update

ABC - Always. Be. Closing.

Week 41 Market Update

It's Decision Pending Week

Week 40 Market Update

Three of Four Quarters of Central Iowa Real Estate Is In The Books!

Week 39 Market Update

End of September Special Report for Central Iowa Real Estate

Week 38 Market Update

Highs & Lows Of New Construction In The Central Iowa Real Estate Market

Week 37 Market Update

Travel Back To 2008 In The Central Iowa Real Estate Market

Week 36 Market Update

Spotlight On Central Iowa New Construction Condo-Townhomes

Week 35 Market Update

Labor Day Is Upon Us As Central Iowa Real Estate Heads Toward Fall

Week 34 Market Update

Change Ahead - The Central Iowa Real Estate Cycle Explained

Week 33 Market Update

Is The Central Iowa Real Estate Market At A Crossroad?

Week 32 Market Update

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!

Week 31 Market Update

 

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!

Week 30 Market Update

Familiarity Returns To The Des Moines & Central Iowa Real Estate Market

Week 29 Market Update

 We Are Beginning To See Serious Price Reductions In The Des Moines & Central Iowa Real Estate Market

Week 28 Market Update

 Des Moines Real Estate Market Stats Exposed! - I Mean Revealed!!

Week 27 Market Update

 My Favorite View Of Des Moines Real Estate Market Stats - By Quarter!

Week 26 Market Update

Fireworks! - Breaking News! - End of June Recap!

Week 25 Market Update

This Week I’m Cleaning Out The Fridge! It’s Des Moines Market Stat Leftover Week!

Week 24 Market Update

The Federal Reserve Rate vs Home Mortgage Interest Rates - Explained!

Week 23 Market Update

Are Price Reductions Making A Comeback In Des Moines Real Estate?

Week 22 Market Update

How Different Was May 2022 Compared to May 2021?

Week 21 Market Update

What To Watch For In A Changing Market

Week 20 Market Update

Forget About Signs of Change - It’s Time To Adapt!

Week 19 Market Update

It's Nerd Week! National Real Estate Market vs Central Iowa

Week 18 Market Update

Signs, Signs, Everywhere Are Signs...

Week 17 Market Update

How Far Has Buying Power Dropped Since January 2022?

Week 16 Market Update

Show Me The Comps!

Week 15 Market Update

Dress For The Weather!

Week 14 Market Update

It's Time For A Market Checkup

Week 13 Market Update

It's Time For A Market Checkup

Week 12 Market Update

It's Time For A Market Checkup

Week 11 Market Update

The Sky is Falling! The Sky is Falling!!

Week 10 Market Update

It’s Open House Season!

Week 9 Market Update

February Market Review for Central Iowa Real Estate

Week 8 Market Update

Congratulations! It's a Listing!

Week 7 Market Update

Is There Such A Thing As Months of Inventory?

Week 6 Market Update

What’s The Deal About Sale Pendings?

Week 5 Market Update

Des Moines Real Estate Market Stats 100th Episode!

Week 4 Market Update

A Peak Behind The Curtain Of Des Moines Real Estate Market Stats

Week 3 Market Update

Des Moines Real Estate And The Big Slide

2021 State of the Market Annual Report

For Des Moines and Central Iowa

Week 2 Market Update

Des Moines Real Estate Survives Winter Storm Izzy

Week 1 Market Update

It's a New Week, a New Year and a New Show Format!

Les Sulgrove is a REALTOR® with VIA Group REALTORS® - 1200 Valley West Dr, West Des Moines IA 50266

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