Iowa home sales dipped slightly in September, falling 3.6% percent from September of last year. The media sales price rose 7.6 percent from a year ago according to the Housing Trends by the Iowa Association of REALTORS® (IAR).
Homes continue to sell quickly. Iowa properties sold in an average of 32 days, which continues to be near record-lows for Iowa. In September 2020, homes sold in 54 days on average.
Median sales price rose 7.6 percent over September 2020. The median price for September 2021 came in at $199,000 compared to $185,000 in September of last year.
4,285 properties sold in Iowa during September. The year-to-date sales total is 6.6 percent higher than the first nine months of 2020. The year-to-date sales total is 36,380 properties.
The number of homes available for sale is slowly rising. After almost a year of declining inventory, Iowa has seen 8 months straight with a gradual increase of homes on the market. Our inventory of homes was 16.4 percent lower than in September 2020 with 9,545 homes on the market statewide.
“While home sales dipped a little bit, we saw some positive signs with a small gain in new property listings and the overall number of properties on the market continues to rise. As the inventory increases, we hope that the competition for homes may ease up and bring moderation in sales prices, which would be welcome news to our potential Iowa homebuyers. There is still time for buyers to get into a new home before the end of the year,” stated IAR President Jen Burkamper.
Statewide Market Report for September
View the Detailed PDF Report on Statewide Statistics
Housing Market Reports Based on an Iowa County
View Reports on Single-Family homes
View Reports on Townhouse-Condo homes
The information used to create the IAR September Housing Trends Report was current as of October 15. 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 8,000 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
Sources: National Association of REALTORS®, Iowa Association of REALTORS, ShowingTime.