Iowa Home Prices Up But Sales Down in September

Iowa Real EstatePrices were up while home sales were down throughout Iowa in September, according to the Iowa Association of Realtors (IAR).

The IAR’s 2012 September Housing Trends Report shows the median sale price was up 5.8 percent from last September. The median sale price was $127,000 in September 2012 and $120,000 in September 2011. Twenty-three of Iowa’s 44 local Realtor boards across the state reported increases in median sale price.

The total number of homes sold in September decreased by 11.2 percent from last year at this time. IAR reports that 2,671 homes sold/closed in September 2012, while 3,007 homes sold/closed in September 2011. Sixteen local Realtor boards reported increases in number of sales.

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