Home Sales and Median Sale Price Increased in February

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Iowa home sales and median sales price increased last month according to February Housing Trends by the Iowa Association of REALTORS. 

Median sales price of $152,950 was 2 percent higher comparing February of last year to this February.  Sold homes increased 3.4 percent from 2,031 homes in February 2018 to 2,101 in February 2019.

Keeping with the trend for faster sales, homes in February sold 18 percent faster than February of last year. The average days of market was 73 days compared to 89 days last year.

The inventory of homes in February rose .4 percent higher than February of last year. 12,554 homes were available for sale last month. 

The information used to create the IAR February Housing Trends Report was current as of March 18th at 12:30 pm. 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
Iowa Association of REALTORS

This article was written as a collaboration of IAR Staff members or invited subject matter experts.