Iowa Home Prices Continue Upward Trend
Median sale price of homes in Iowa rose in April and sales were down when compared to the same period last year, according to the Housing Trends Report from the Iowa Association of REALTORS (IAR).
The median sale price of an Iowa home increased by 8 percent in April when compared to April 2017. The median sale price in April was $161,950.
Sold properties in April were 11.5 percent lower than April 2017. 3,104 homes were sold in April in comparison to 3,509 homes sold in April of last year.
Properties were selling slightly faster than a year ago. Days on market was down to 82 days on market compared to 85 days in April 2017.
“Typically we see a nice increase in homes sold from March to April. There were 200 more homes sold in April this year. The weather the first two weekends in April was very cold and rainy in Iowa and likely had an adverse impact on the real estate activity in Iowa. We look forward to the activity in showings and properties sold to increase in May,” stated Mark Kamps, IAR President.