Median home prices rose 4.5 percent while home sales dipped 7 percent in November compared to last year according to the Housing Trends by the Iowa Association of REALTORS® (IAR).
Median sales price came in last month at $165,000 compared to $157,700 in November 2018.
3,147 residential properties sold in November compared to 3,385 properties in November of last year. Iowa’s year-to-date sales in 2019 are even with 2018. 38,833 homes have sold in 2019 so far this year. That is less than a one percent increase from last year.
Properties in November averaged 57 days on market. That is only 2 days faster than in November 2018.
“Homes in Iowa are selling at almost 97 percent of their list price. Iowa Realtors® are doing a great job pricing homes for their sellers. As we reflect on 2019, it was great to see so many Realtors® giving back to their communities. Realtors® understand the importance of paying-it-forward through charities, serving on civic organizations, or volunteering to help clean up or rebuild neighborhoods,” stated IAR President Scott Wendl.
View Details Statewide Market Report for November
View detailed statewide market report.
View housing market reports based on an Iowa County
View Reports on Single-family homes.
View Reports on Townhouse-Condos.
The information used to create the IAR November Housing Trends Report was current as of December 21. 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 7,500 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® - firstname.lastname@example.org or 515-309-9345