Home Sales and Median Sales Price Increase in November

Iowa homes sales and median sales price continue to increase over last year according to November Housing Trends by the Iowa Association of REALTORS. 

Median sales price of $158,000 was 2.9 percent higher comparing November of last year to November 2018.  Sold homes rose 2.5 percent from 3,214 in November 2017 to 3,294 in November 2018.  

Keeping with the trend for the faster sales, November was the 7th consecutive month with an average days on market of 60 days or less. Properties sold in 59 days on average In November. 

The inventory of homes in November rose 5.1 percent higher than November of last year. 14,134 homes were available for sale in November. 

“November was another solid month for Iowa residential real estate with increases in sales and median price. Homes continue to sell fairly quickly in most markets. We look forward to the year-end numbers that will come out in mid-January,” stated John Goede, IAR President.

The information used to create the IAR November Housing Trends Report was current as of December 17 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