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Warm weather helps home sales

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The unseasonably warm winter weather has kept Des Moines homebuyers and sellers active. In January, 422 homes were sold, up 11 percent from January of last year, according to Des Moines Area Association of Realtors statistics.

The association’s report shows that 664 contracts were written in January, homes were on the market for an average of 110 days and there were 4,362 active listings.

The median sale price of a home was $126,900. In January, 46 percent of metro homebuyers financed a home using conventional financing, while 21 percent used an FHA loan. Cash purchases made up 27 percent of the transactions, and the remaining 6 percent used alternative financing methods.