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Home prices in Iowa rising, overall sales up for year

News

September 21st, 2017 by Ric Hanson

Homes are selling quicker across Iowa and for more money. That’s according to a new Housing Trends Report from the Iowa Association of Realtors. It shows the median price of a home sold in Iowa last month was $159,000 – up from $150,000 in August of 2016. Homes sold last month were on the market for an average of 66 days. That’s the lowest number for days on the market in two years.

The report show 4,234 homes were sold in Iowa last month, nearly unchanged from a year ago, but the pace of home sales for the entire year is up 2.3 percent compared to 2016.

(Radio Iowa)