January’s real estate activity was steady and similar in many ways to last year at this time according to the Housing Trends by the Iowa Association of REALTORS® (IAR). Home sales bumped up less than a one percent in January 2022 when compared to sales in January 2021. Median sales price rose 3.4 percent over January 2021.
2,649 homes sold in January 2022 with new properties coming on the market dropping 9.9 percent compared to new listings in January 2021.
The media sales price for January 2022 came in at $185,000 compared to $179,000 in January of last year.
Homes sold very quickly in January at an average of 41 days on the market. That is over 21 percent faster than January 2021.
The number of homes available for sale continues to be low in many price ranges. Our inventory of homes was 16.5 percent lower than in January 2021 with only 6,896 homes on the market.
“Due to January’s typical winter weather, we saw the seasonal trend of slightly lower overall sales and less homes on the market. Potential sellers can take advantage of less competition on the market and a strong demand from buyers. Mortgage rates are still well below the historical average. We encourage buyers to get pre-approved and speak to a local Realtor® about starting the buying process,” stated IAR President Byron Menke.
View Details Of Statewide Market Report For January
View the Detailed PDF Report on Statewide Statistics
View 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 January Housing Trends Report was current as of February 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® - email@example.com or 515-309-9345.
Sources: National Association of REALTORS®, Iowa Association of REALTORS®, Data from Multiple Listing Services in Iowa, and ShowingTime.