Des Moines Metro Condo Sales Down 52% in November
What a difference a year makes.
Metro Des Moines condo, town home and loft sales were down 52% in November, compared to the same period a year ago. The 71 sale total is the lowest monthly total since January of this year. Last November’s higher numbers were no doubt buoyed by the $8,000 federal tax credit. November sales were down 59% from the market peak of 173 sales in 2005.
The average sales price in November was $162,477, which bought a two bedroom two bathroom property with 1429 square feet. That compares to an average sales price of $137,518 a year ago in November.
Jay Snyder | RE/MAX Real Estate Group |6600 University Ave. | Des Moines, IA
Licensed to Sell Real Estate in Iowa | 515-771-5562
Jay Snyder | RE/MAX Real Estate Group |6600 University Ave. | Des Moines, IA
Licensed to Sell Real Estate in Iowa | 515-771-5562
jay@desmoinescondos.com www.DesMoinesCondos.com
