What is the average amount of time a home sits for sale in Des Moines.?

Asked by Rodsky69, 50311 • Mon Apr 11, 2011

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The last three properties I have listed the absorption rate was showing 15 out of 100 homes will sell in 180 days in their areas. This was reflective of the markets near downtown and on the southside of Des Moines. The 85 properties left on the market is what is driving the days on the market up.

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This would explain why so many homes are sitting on the market and why the newer listings are selling faster since they are fresh to the public. The key is the price range for any seller. If you want your home to be in the percentage that sells quickly, then your home must show better and beat the price of the competition. This absorption rate does improve in other parts of the metro area. As one Realtor commented, each area will reflect differently in market time and price. It will be affected by the number of foreclosures or short sales that are in the neighborhood, as well as, the perceived popularity of the area. I hope this helps.

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