The number of home sales in the Des Moines metro area dipped 4.5% in November, with 912 homes sold compared to the 955 homes sold in October, according to data from the Des Moines Area Association of Realtors (DMAAR). The drop marks a 2.3% decline from the 933 homes sold in November 2022.

In November, the median sale price of a home inched up slightly to $274,900, a 0.1% increase from October’s median price of $274,745 and a 9.9% increase from the $250,000 median sale price of November 2022.

“While we are seeing a traditional winter dip in many metrics in the Des Moines metro market, those continuing to explore housing opportunities remain highly involved and benefit from the expertise of our Realtor members,” Erika Hansen, DMAAR vice president, said.

Other highlights from the association’s November report on home sales in the Greater Des Moines area, which includes Polk, Dallas, Warren, Jasper, Marion, Madison and Guthrie counties, include:

• 3,249 homes were on the market in November, 10.1% more than the 2,952 that were for sale in November 2022.
• Homes averaged 47 days on the market. In November 2022, they were on the market an average of 33 days.

Additional statistics and information about the Des Moines-area housing market are available on the realtors’ association website.

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