Iowa Home Sales Jump in November, Prices Continue Upward Trend

Estimated Read Time:
November home sales in Iowa jumped 7 percent and the median sale price increased by 3.6 percent compared to November of last year. 

The Housing Trends Report from the Iowa Association of REALTORS® (IAR) shows 3,320 homes were sold in November compared to 3,103 in November of last year. Median sale price rose 3.6 percent to $153,250 compared to $147,900 in November 2016. 

Homes continue to sell faster this year when compared to the same month last year. The average days on market last month was 73 compared to 76 days in November 2016. 

“We saw a nice increase in homes sold last month. In addition, pending properties in November were up 5.2 percent from last year. This is the most active November in Iowa real estate for several years.  We hope for a good December to cap off 2017.  We look forward to the kickoff of the First Time Home Savings Account in January. This new program will make it easier for Iowans to save for their first home. Find out more at www.IowaFirstHome.com,” stated 2018 IAR President Mark Kamps.  

The information used to create the IAR November 2017 Housing Trends Report was current as of December 15, at 12:15 p.m. The information is subject to change due to the dynamic nature of the IAR’s housing statistics system, which is updated hourly based on information present in 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. Data is collected from local Realtor® boards through their multiple listing service (MLS), which tracks sales activities in the board area. IAR compiles all of the local board data into the statewide report each month. Reports are available online to IAR members and affiliates with a login and password. Anyone is eligible to become an IAR affiliate. For membership information, visit www.iowarealtors.com.

For more information, please contact Mark Gavin, Director of Communications at the Iowa Association of REALTORS - mark@iowarealtors.com or 515-309-9345.
###