Ben Visser

Historically, April has been the month with the second most new listings in a year— May is traditionally the month with the highest number of new listings. This April, the rate of new listings abated slightly from March to April, as well as year over year from 2022 to 2023. This may be an anomaly, but if this trend were to continue in May, the Ames real estate market could feel even more of a squeeze as we head into the summer months.That could mean increased competition for homes that are on the market corresponding with a build-up in demand.

The Ames market is still moving at a rapid pace, with the median days on market at a blistering 5 days and the average days on market at about a month. Median sale prices are also still trending up in the early part of the year and are up 9.8% year-to-date compared to this time last year. Interest rates remain near 6.5% and appear likely to hover in this range near term.

Unmet demand for the housing market is growing, especially after the unexpected dip in April of new listings. So, if you’re considering selling your home, now could represent a great opportunity! Reach out to your Friedrich Realtor and let them help you maximize that opportunity.

If you’re buying, your Friedrich Realtor will keep you alerted to new listings that meet your specific criteria. Being nimble and ready to act quickly is essential for buyers in this market.

Whether Selling or Buying, it’s our privilege to serve you and unlock the door to your next move!