Home sales down, prices up across Iowa in September

News

October 17th, 2012 by Ric Hanson

The number of homes sold in Iowa dropped last month while prices rose. A total of 2,671 homes were sold in the state in September, according to the Iowa Association of Realtors. That’s down from 3,007 homes sold over the same month last year. Iowa Association of Realtors president Dale Gross, of Atlantic, notes sales had been increasing for many months in a row and overall 2012 year-to-date sales are still up by 11.6% compared to last year. The median price for a home sold in Iowa last month was $127,000. That’s up 5.8% from the $120,000 median sale price in September 2011. Gross said there just under 21,000 homes on the market across the state at the end of last month. That compares to nearly 24,500 homes on the market at end of September last year.

(Radio Iowa)