We know that August is the slowest month of summer so this market update didn't have any surprises, in my opinion.
Interest rates continue to fluctuate, going up, coming down, rinse and repeat. But those higher interest rates could continue to affect affordability and possibly demand.
Overall, we’re seeing similar trends to earlier this year: 
There are buyers, but they’re being more selective.We’re still seeing bidding wars or multiple offers - but not as many as this spring.Inventory exists, but buyers aren’t always able to find (or win the bid) on what they want. Homes are still selling fast and it’s a good idea to get maximum exposure before accepting an offer on the first day! Prices remain high, but perhaps we’ll start to see those stabilize?
All this to say, we’re seeing our market NORMALIZE.
Year to date we’ve had more sales than in 2020, but the market is definitely shifting. The last couple months sales look more like the 2017 market - which, for the record, was a GOOD market.
August Sales Data
July Sales Data
If you'd like to meet with me, or someone on my team, we'd love the opportunity to chat! Schedule a call with us here: https://mywrighthouse.com/schedule-a-callGet a jump start on finding your next home: https://www.desmoineshousehunters.com/
Don't forget to download the Ultimate Guide to Selling Your House: https://mywrighthouse.com/ultimate-guide-selling/RECENT MARKET ACTIVITY
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WHAT'S YOUR HOME WORTH?
Have you ever wondered how much you could sell your house for? You can get an instant estimate on our website! And, we'll send you an email each month updating the value. It's really fun to watch the values go UP as the market improves. (Naturally, when you're ready to sell - we'll get much more specific with the market value.)
FREEBIE ALERT
Breakfast - the meal of champions. And through the end of October, you could get a free slice of french toast if your order is over $10. (Which is pretty easy to do!) Yes, please - and I'll need some cheese on those hashbrowns while we're at it. This carbo-loading freebie can be credited to one of our preferred lenders, Jason Kaiman, at Collins Community Credit Union. While you'd be hard pressed to find him putting a processed carbohydrate in his body - he can absolutely talk to you about structuring the right mortgage loan to suit your needs.