Sales Drop, Prices Rise in June

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Home sales were down 7.3 percent last month and median sales price rose 2.9 percent compared to June of 2018 according to the June Housing Trends by the Iowa Association of REALTORS® (IAR). 

The Median Sales Price was $180,000 in June while only $175,000 in June of last year. 

4,513 homes were sold in June compared to 4,867 in June 2018. The number of days on the market went up slightly from 57 to 59 days. 

“June is typically one of the top months in terms of sales each year. While sales are down from last June, we had a very busy market last summer. The current market is solid. The number of properties on the market is up slightly from a year ago. There continues to specific price ranges in each market that need more properties for sale for interested buyers. Single-family homes are selling in less than 60 days. There is still plenty of time to buy or sell your home and get settled before the fall,” stated John Goede, President of the Iowa Association of REALTORS®.

The information used to create the IAR July Housing Trends Report was current as of July 15. The information is subject to change due to the dynamic nature of the IAR’s housing statistics system, which is based on data from the local participating MLS (multiple listing service) systems. 

The term Realtor® is a registered trademark, which identifies real estate professionals who follow a strict Code of Ethics as members of the National Association of REALTORS®.
 
The Iowa Association of Realtors® is the state’s largest real estate professional organization representing over 7,200 members and affiliates. The IAR releases a Housing Trends Report each month.

For more information, please contact Mark Gavin, Director of Communications at the Iowa Association of REALTORS® - mark@iowarealtors.com or 515-309-9345.