Des Moines Housing Market Shows Signs of Stabilization in Early 2026

The Des Moines area housing market is exhibiting signs of stabilization in early 2026, following a slight dip in 2019, with February sales showing an increase compared to both the previous month and the same period last year. However, the time homes remain on the market remains elevated, indicating a continued moderation in market speed.

February 2026 Sales Data

A total of 763 homes were sold in the Des Moines metropolitan area in February 2026, representing an 11.5% increase from the 684 homes sold in January 2026. This figure as well marks a 5.8% increase compared to the 721 homes sold in February 2025 .

Pricing and Inventory Trends

The median sales price for homes in February 2026 was $292,000, a slight decrease from January’s median price of $295,000. Inventory levels remained relatively stable, with 3,855 homes available for sale in February, compared to 3,826 in January.

Financing Trends

Conventional financing continued to be the dominant method of purchase, accounting for 535 transactions, or 70% of February sales. Cash transactions represented 121 sales, or 15.9% of the total.

Market Speed and Historical Context

Homes in the Des Moines area were on the market for an average of 75 days in February 2026, a figure that remains above historical averages. In March 2019, homes were on the market for an average of 77 days . The Des Moines Area Association of REALTORS® noted that market speed typically accelerates in March, coinciding with the start of the spring home-buying season.

Looking Ahead

While the market shows positive signs with increased sales volume, the longer time homes are staying on the market suggests a more balanced market compared to the rapid pace of previous years. Continued monitoring of inventory levels, interest rates, and economic conditions will be crucial in assessing the long-term trajectory of the Des Moines housing market.