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Axios Des Moines Deep Dive

Picture of the Des Moines skyline with DSM written across it.

Get smarter, faster about what’s happening in your backyard with local reporters Jason Clayworth and Linh Ta.

Axios Des Moines Thought Bubble

Axios Des Moines

Pending home sales in Des Moines metro area

Data: Des Moines Area Association of Realtors; Chart: Axios Visuals

The red-hot DSM real estate market is colorfully described as "freaking stupid" by Les Sulgrove, DMAAR’s former president.

By the numbers: More than 4,200 homes are in "sale pending" status, a 13-year high. It’s a seller’s market with 1,038 fewer single-family homes for sale than a year ago, Sulgrove wrote last week.

Des Moines' "freaking stupid" real estate market

And there is far less inventory than just a year ago.

The red-hot DSM real estate market is colorfully described as &quot;<a class="gtmContentClick" data-vars-link-text="freaking stupid" data-vars-click-url="https://blog.simplydesmoines.com/what-a-freaking-stupid-real-estate-market/" data-vars-item="in_content_link" href="https://blog.simplydesmoines.com/what-a-freaking-stupid-real-estate-market/" target="_blank">freaking stupid</a>&quot; by Les Sulgrove, DMAAR’s former president.By the numbers: More than 4,200 homes are in &quot;sale pending&quot; status, a 13-year high. It’s a <a class="gtmContentClick" data-vars-link-text="seller’s market" data-vars-click-url="https://blog.simplydesmoines.com/files/2021/05/02-April-2021-Months-of-Inventory-by-Price-Range.png" data-vars-item="in_content_link" href="https://blog.simplydesmoines.com/files/2021/05/02-April-2021-Months-of-Inventory-by-Price-Range.png" target="_blank">seller’s market</a> with 1,038 fewer single-family homes for sale than a year ago, Sulgrove wrote last week.

Des Moines' "freaking stupid" real estate market

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