Home sales across Iowa rose 16.9% in June compared to May. Carey Jensen, president of the Iowa Association of Realtors, says 4,136 homes were sold in the state last month. That’s up 19% from June 2009, when 3,476 were sold.
The average sales price last month of homes in Iowa was $152,672. “Sales prices are up, the inventory in up and days on the market is down,” Jensen said. “So, all of those things are good indications for home sellers that the market is on the road to recovery and stabilizing.”
The average number of days houses spent on the market in June was 93. That’s down 15 days from June 2009.