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Health & LivingNews

Home Sale Numbers Drop, Prices Up 13.5%

Data from the Iowa Association of Realtors indicates the number of existing home sales in Iowa continues to decline and the overall prices for Iowa homes sold remain above last year’s levels.
The median price for an Iowa home sold in September was 225-thousand dollars. It’s down slightly from the record set in July — but it is 13-and-a-half percent higher than the median sales price of Iowa homes sold in September of last year. The NUMBER of homes sold last month was down nearly 24 percent compared to last September. The president of the Iowa Association of Realtors says there’s typically a slowdown in sales in September, plus the number of homes on the market remains lower than normal.   Iowa homes up for sale in September spent an average of 31 days on the market before being sold. The president of the Iowa Realtors Association says industry experts project homes will start spending longer on the market and there will be slower growth in home prices soon.

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