The median sale price rose 4.8 percent in April when compared to April of 2016. $149,900 was the median price last month compared to $143,000.
The Housing Trends Report from the Iowa Association of REALTORS® (IAR) show home sales dipped 3.5 percent last month versus April of last year. 3,481 properties sold in April 2017 when compared to 3,607 properties last year in April.
Homes sold 5 days faster last month. Average days on market was 84 while last year in April it took an average 89 days.
“Sales were down a bit, but there are still a lot interested buyers looking for the right home. Inventory was down 3.3 percent from last year. In many markets and specific price ranges, homes are selling much quicker than the statewide average. Of course, all real estate is local and we recommend interested buyers and prospective sellers seek advice from a local Realtor® to gain specific knowledge of their area and research comparable properties,” stated IAR President, Cindy Miller.
The information used to create the IAR April 2017 Housing Trends Report was current as of May 23, at 3:00 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 almost 7,000 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.