End of January 2024 Market Update with Jonathan Sovath

by Keith Soldwisch

We’re now in March of 2024 and the housing market data as of the end of January is in. The data comes from the Des Moines Association of Realtors so if you’re interested in reading more details you can go to their website.

We have almost 11% more inventory than December 2023 and there was a rise in home sales by a little over 13%. The median sales price in January was $270,000 which is a 5.8% increase versus December 2023. The average days on market was 61 days which is typical as it is the transition between the end of the year and beginning of the new year and the market is a little slower but now that spring is quickly approaching, we should see the days on market decrease slowly.

We have more data we can share with you if you’re interested, but if you have any questions about getting into the market and purchasing your first home or are considering selling your house this spring, reach out to Jonathan Sovath at (515) 556-7140. He is glad to help!

Keith Soldwisch

Managing Broker/Owner | License ID: B59816000

+1(515) 414-0462

End of January 2024 Market Update with Jonathan Sovath

by Keith Soldwisch

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