Median sales price increased by 6.1 percent from last year. Home sales were solid again in August coming in at 1.6 percent higher than August of last year, according to the Housing Trends by the Iowa Association of REALTORS® (IAR).
5,398 homes sold in August compared to 5,363 in August 2018. The median sales price of $174,900 calculated to 6.1 percent higher than August 2018.
The number of days on the market rose only 2 days from 53 in August of last year to 55 in August of 2019.
“Historically August is a solid month as summer comes to a close. This August was no exception. The number of properties for sale on the market continues to remain higher with another month over 15,300 properties. The recent interest rate reduced by the Federal Reserve bodes very well for home buyers across the state. Consumer confidence in housing was reported at historically high levels. Reach out to a REALTOR® in your area to get the most accurate status report of the real estate market in your city,” state IAR President John Goede.
To view detailed statewide stats or to view by county, please visit our Housing Stats web page.
The information used to create the IAR August Housing Trends Report was current as of September 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.