Iowa home sales decreased by 3.4 percent over the first half of this year compared to the first six months of 2013. That information comes from new data released by the Iowa Association of Realtors (IAR). Sales picked up in the month of June, however, according to IAR President Kathy Miller. “We sold 4,047 homes in June 2014 and 3,905 homes in June 2013. That’s an increase of 3.6 percent,” Miller said.
The median sale price of a home sold in Iowa last month was $145,000. That’s down just one-percent compared to June of 2013 when the median price was $146,500.
“Now’s a great time to take advantage of the affordability in home ownership,” Miller said. “Interest rates are still good.” The report shows the average days on the market for a home sold in Iowa dipped to 81 days, down from 85 days in June 2013.
