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Iowa Home sales climb for fourth consecutive month

News

November 21st, 2019 by Ric Hanson

(Radio Iowa) — The number of homes sold and the sales prices for homes in Iowa went up in October — the fourth consecutive month there’s been an increase. According to data released by the Iowa Association of Realtors, homes sales were up four-point-two percent in October compared to October of last year. The median price for an Iowa home that was sold last month was 161-thousand dollars — that’s nearly four percent higher than in October of 2018. Fifty-six days was the average time a home that sold last month had been on the market.

More than 37-hundred home sales were closed in Iowa last month. More than 31-thousand single-family detached homes have sold in Iowa so far this year. About 45-hundred townhouses and condos have sold over the past 10 months.