Monthly sales of existing single-family homes and condominiums improved again in Iowa during April while home prices were over eight percent higher than at the same time last year according to the latest housing data from the Iowa Association of Realtors(R) (IAR).
An estimated total of 2,645 existing single-family homes and condos were sold in the Hawkeye State in April. That was 3.7 percent higher than the 2,559 homes sold in March and 2.4 percent higher than the 2,584 homes sold in April 2011. Year-over-year, home sales have increased for the last ten months.
The median sales price for an existing home in Iowa increased by 5.0 percent in April to $124,900, up from $119,000 in March, and was 8.6 percent higher than the median price of $115,000 in April of last year.
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