The Norwalk, IA Real Estate Market Slowed Down in October

October was a slow month for real estate activities in Norwalk, but higher priced homes have been selling. According to the Des Moines Area Association of REALTORS® MLS, there are 86 residential homes currently (at the time of this writing 11/1/11) on the market in Norwalk which is up from 80 a month ago, with an average list price of $228,694, which is nearly identical to last month. In October there were 8 offers accepted, down 50% from September and the average list price for those homes was $207,012, which is up 17%.  At this rate it would take 10 months to sell the current inventory in Norwalk, up from 4.7 a month ago, compared to the Des Moines Metro current average of 4.4 months. In October there were 14 new listings added to the market, down from 17 in September with an average list price of $203,435 which is just slightly lower than the previous month.  There were 8 closed sales with an average sale price of $212,800 which was on average 98% of the list price and up 24% over the previous month. Those sold listings spent an average of 132 days on the market before being sold.

If you are interested in receiving local real estate statistics from me on a regular basis just send me a request at Jon.Niemeyer@ExitRealtyNorthStar.com. We also provide property management services.

Information provided by Jon Niemeyer, Broker/Owner, EXIT Realty North Star, 1039 Sunset Drive, Norwalk, IA 50211, 515-981-5131.

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