Home Prices Rise, Sales Drop in January

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Iowa homes sales dropped and median sales price increased over last year according to January Housing Trends by the Iowa Association of REALTORS. 

Median sales price of $159,700 was 6.5 percent higher comparing January of last year to this January.  Sold homes dropped 11.6 percent from 2,103 homes in January 2018 to 1,860 in January 2019.  

Keeping with the trend for faster sales, homes in January sold 11.1 percent faster than January of last year. The average days of market was 72 days compared to 81 days last year. 

The inventory of homes in January rose 4.3 percent higher than January of last year. 12,735 homes were available for sale in January. 

The information used to create the IAR January Housing Trends Report was current as of February 15 at 1:00pm. 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