Each month I share market a market snapshot of my neighborhood. I figure most of my neighbors are like me, they want to know which homes hit the market and what they sold for. I want to be the go-to source for that information, not $illow so I post a snapshot each month. Last week I posted this and a few neighbors reached out to me to express their surprise.
Well, all real estate is local. We’ve all heard that the market is “slowing” but generally that news is nationalized. Here in the Des Moines metro, the pace of home sales has slowed and the number of homes on the market is steadily increasing. The pace of real estate during, and post-Covid is not sustainable, it shouldn’t be. This shift in the market is necessary, even if we all hate to admit it. It’s a great time to be a buyer! But sellers, please pause and take a breath. Chances are you have lived in your home a long time, you have equity and a lot of appreciation in the price of your home. You did not miss the boat, you missed the crazy storm of pandemic real-estate. If you’re considering selling in the next year, let’s meet to make a plan that’s best for you.
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