Des Moines Housing Market: Days on Market Climb, Signaling Shift
The Des Moines area housing market is experiencing a noticeable slowdown, with homes lingering on the market for longer periods. February 2026 data from the Des Moines Area Association of Realtors (DMAAR) reveals an average of 75 days on market – the longest stretch in over seven years. This contrasts with 73 days in February 2025 and 77 days in March 2019.
What’s Driving the Change?
While a slight increase in sales occurred between January and February 2026 (763 homes sold versus 684), the extended time homes are staying listed suggests a shift in market dynamics. DMAAR acknowledges this, noting that March historically marks a transition into the busier spring season, implying an expectation of acceleration. However, the current trend indicates a more cautious buyer approach.
Key Market Figures – February 2026
- Median Sales Price: $292,000, a slight decrease from January’s $295,000.
- Homes on the Market: 3,855, a modest increase from January’s 3,826.
- Financing Trends: Conventional financing dominated at 70% of sales (535 transactions), while cash purchases accounted for 15.9% (121 transactions).
Impact of Financing Options
The prevalence of conventional financing highlights the continued reliance on traditional mortgage products. The significant portion of cash transactions, nearly 16%, suggests a segment of buyers are less sensitive to interest rate fluctuations and are able to move quickly. This could be investors or those downsizing.
Looking Back: 2019 Trends and Parallels
Interestingly, the current 75-day average mirrors the 77 days observed in March 2019. Data from 2019 indicates a slight dip in the Des Moines metro housing market, attributed in part to a long winter. While the weather isn’t cited as a factor in the current slowdown, the extended time on market suggests a similar cooling effect, potentially driven by economic factors or buyer sentiment.
What Does This Mean for Buyers and Sellers?
For sellers, So adjusting expectations. Homes are no longer selling as quickly as they were in recent years. Pricing competitively and ensuring properties are well-presented are crucial. For buyers, the increased time on market provides more opportunities to find the right home and potentially negotiate favorable terms.
Pro Tip: Consider a pre-sale home inspection to identify and address potential issues before listing, minimizing delays and maximizing your home’s appeal.
FAQ
- What is the current median home price in the Des Moines area? $292,000 (as of February 2026).
- How long are homes staying on the market? An average of 75 days (as of February 2026).
- What percentage of homes are being purchased with cash? Approximately 15.9% (as of February 2026).
Did you know? Homes in the DMAAR area cover Polk, Dallas, Jasper, Marion, Guthrie, Madison and Warren counties.
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