IA: Des Moines Home Sales Spiked in March

Iowa Real EstateHome sales in the Des Moines metro area spiked nearly 26 percent in March over a year earlier and were up 46 percent from February, a new report shows.

“We’re just talking about one month, but I’ll take it and another one just like it,” said Rick Tollakson, chief executive of Hubbell Realty, a West Des Moines developer.

The average sale price climbed as well in March, to $163,194, an increase of 12 percent over March 2011, the Des Moines Area Association of Realtors said. The average price was up about 16 percent over February.

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Full Story from the Des Moines Register

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