As we end September and the 3rd quarter of 2021 it seems we are in a re-balancing of the real estate market. Having worked through the first 3 quarters of the year and seeing homes appreciate and multiple offers within hours of being on the market, this year has sure been a whirlwind! .
The current statistics show lower inventory and going into fall we could certainly use more to work from as the demand is still here.
Year to Date Solds: 545 Des Moines County
Current listings in Des Moines County 268 residential/multi family/ land an commercial including those currently under contract.
Here are some predictions for the rest of the 2021 market:
Though "crash" articles get clicks, real estate will appreciate at an above-average rate through late 2021 for three reasons–scarcity, utility and demand. Scarcity: there is a shortage of 6.8 million housing units. Utility: the home is now the center of the remote workers' world by being both the office and gym. Demand: Millennials are America's largest generation, in their prime home-buying years. - Keith Weinhold, Get Rich Education
Sales continued to increase over last year and prices remain stable. After the halfway point of the year, unlike shoes and watches, many people do not buy more than one home at a time, so I expect to see fewer showings, fewer offers and less aggressive offers. In most markets, sellers overcorrected on their pricing months ago, so the over asking price craziness has already settled down a bit. - Joshua Cooley, Keller Williams
Whatever happens we will continue to serve our communities buyers and sellers with the professionalism expected, stay on top of values and the fluctuations in the market place to best serve our clients.
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