HOME SALES: Market Strong Despite Uncertainty
The housing market is still struggling to bounce back from the recession, but Des Moines has fared much better than some areas of the country.
Home sales across the state fell between October and November.
However, November home sales are still up from the year before as realtors have completed about two hundred more home sales than in 2011.
Local realtors aren’t too concerned as home sales usually slow down as we enter the winter months.
Sales agents say home prices are up and they’re moving off the market quicker.
Realtors say the low interest rates continue to help home sales headed into the new year, but they’re keeping a close eye on the looming fiscal cliff deadline.
“The ball is moving now as far as appreciation. The market seems to be improving and we’re looking forward to another good year in 2013. We’re not dwelling on what might happen. We’re looking at what has happened this year,” said Larry Pickering, the President of the Iowa Association of Realtors.
The Iowa Association of Realtors says another positive sign is the number of active residential listings.
They’re down 11% compared to 2011.