Is the Des Moines metro market overheating?

[Rene Owczarski]

I’ve been investing in Des Moines real estate for a while now, and I haven’t seen this kind of frenzied buying since 2006-2008.

Looking at the DMAAR's (Des Moines Area Association of REALTORS ) July sales report, homes sales are up 31.4% year on year.

And were still waiting on the August sales report from DMAAR in the next few days.

Because just anecdotally talking to buyers that have moved into the Des Moines metro. Homes that are priced right on the MLS are selling the same day they are listed.

What’s everyone else seeing in the market?