May 10, 2021 - News

Des Moines' "freaking stupid" real estate market

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.

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