Well ladies and gentlemen it looks like things are already bumping right out of the gates! It’s still early and we are only going into our second month of 2012 but the numbers are looking good. However let me better explain these facts. Bellow (Thanks Les sulgrove) you have a breakdown of all pending real estate transactions for the years 2009-2012. Pending transactions are accepted offers that were set to close/ did close. It’s important to remember that not all pending transactions close, but that doesn’t happen very often. I wanted to make sure you could see the rise and fall of the past 3 years in comparison to this year. This chart will show you exactly what happened after the downturn of the market.
- As you can see 2009 (in Blue) started off slow. This was the year right after the oh so popular bubble burst. It was tough but compared to other markets, Des Moines and the surrounding areas were not hit incredibly hard. The slow escalation of buyer & Seller transactions was due primarily to insecurity in the real estate market. However, it’s important to also note that massive regulation overhaul by banks were implemented in this time period. Meaning, it was more difficulty for people to procure loans.