November saw a rise in activity with increases in Iowa home sales, new listings, pending sales and home prices according to the Housing Trends by the Iowa Association of REALTORS® (IAR).
Home sales were up 4 percent over a year ago and up 25.6 percent from the pre-pandemic numbers of November 2019. 4,054 homes sold in November 2021.
The media sales price rose 7.1 percent from a year ago. The median price for November 2021 came in at $192,700 compared to $180,000 in November of last year.
Pending sales in November bumped up slightly from last year at 2.1 percent while 24 percent higher than 2019.
New listings on the market in November were up 7.3 percent over November 2020. 3,594 properties were put on the market in November.
Iowa homes sold much quicker in November compared to the same period the last 2 years. The average days on market was 34 days in November 2021 in comparison to 49 days in November 2020 and 58 days in 2019.
The year-to-date sales total through November is 44,944 properties which equates to a 5.4 percent increase from this time period last year.
“It was great to see activity up in November. Year-to-date sales came in 5.4 higher than 2020 and with the increases across the board, we expect a solid December to wrap up another strong year for our real estate market. With appealing mortgage rates, the buyer demand remained high this fall and early winter months,” stated IAR President Byron Menke.
View Details Of Statewide Market Report For November
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The information used to create the IAR November Housing Trends Report was current as of December 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® - firstname.lastname@example.org or 515-309-9345.
Sources: National Association of REALTORS®, Iowa Association of REALTORS®, Data from Multiple Listing Services in Iowa, and ShowingTime.