Our local housing market is taking note of the fall season as sales tend to slow down a bit in this season as school has started and people are preparing for the upcoming holidays.

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The number of active listings continued to grow in September, the fifth month in a row where more inventory joined the market. With 3,231 homes on the market in September, the metro saw a 5.5% increase in available listings compared to the 3,062 homes on the market in August. The listings represent a 12.2% increase from one year ago.

The number of home sales in the Des Moines metro area decreased 17.4% to 1,086 homes sold in September, compared to the 1,314 sold in August. Year-over-year comparisons were similar, with a 16.6% decrease from the 1,302 homes sold in September 2022.

Pending sales decreased once again in both monthly and yearly measures. September saw 980 pending sales, a 15.7% drop from the 1,162 pending sales of August and a decrease of 11.2% from the 1,103 pending sales of September 2022.

September’s median sale price continued to rise from both the past monthly and yearly totals. A median sales price of $290,000 represents a 1.5% increase from August and a 5.5% increase from September 2022.

Last month, homes averaged 46 days on the market, up significantly from the 38 days on the market in August and the 34 days homes stayed on the market one year ago.