The number of homes on the market in the Des Moines metro area rose again this past month, to 32.5% over this time last year, reported the Des Moines Area Association of REALTORS® (DMAAR). 2,989 properties were on the market in October 2022 compared to 2,880 properties in September 2022, while in October of 2021, there were 2,255 properties on the market. Home sales dropped in October 27.6% comp

Earnest money is the amount of money a Buyer puts down when they write a contract to purchase a home. This is to show the Seller that they are ‘earnest’ or serious about making their offer. Now, the earnest money doesn’t go to the Seller; it gets made payable to the Listing Broker and is deposited into their Trust Fund. It stays in that Trust Fund until closing day and then comes back to the Buyer

The number of homes on the market in the Des Moines metro area rose again, to 26.4% over this same time last year, reported the Des Moines Area Association of REALTORS® (DMAAR). 2,880 properties were on the market in September compared to 2,669 properties in August. In September of 2021, there were 2,279 properties on the market. Home sales dropped in September by 10.8% compared to September of