Homes sales and sale prices continue their steady upward trend in Iowa in September. This is the strongest third quarter Iowa has seen in 8 years.
The median sale price rose 5.9 percent from September of last year. The median price was $131,750 in September 2014 compared to $139,500 this year.
Home sales are up 4.8 percent from September of last year. 3,570 homes sold last month, while 3,406 homes sold in September 2014. Homes sold in the first 9 months of 2015 outpaced the same period last year by 7.9 percent.
Homes are still selling quickly in Iowa with days on market at 68 last month. In September of 2014, the properties were on the market for an average 84 days.
A Strong Third Quarter
The Iowa real estate market experienced the best third quarter in 8 years. Median sale price is up 5.1 percent and home sales are up 5.2 percent from the third quarter of 2014. 12,326 homes were sold in the third quarter and over 32,055 homes year-to-date. Homes were on the market for an average of 67 days which is down 17 percent. “Our communities have been receiving a lot of national attention from magazines and online media outlets. Iowa truly is a great place to grow!” IAR President Jon Yocum stated.
The information used to create the IAR 2015 September and Third Quarter Housing Trends Report was current as of October 18 at 11:00 a.m. The information is subject to change due to the dynamic nature of the IAR’s housing statistics system, which is updated hourly based on information present in local participating MLS (multiple listing service) systems.
The term Realtor® is a registered trademark, which identifies real estate professionals who follow a strict Code of Ethics as members of the National Association of Realtors®.
The Iowa Association of Realtors® is the state’s largest real estate professional organization representing over 6,900 members and affiliates. The IAR releases a Housing Trends Report each month. Data is collected from local Realtor® boards through their multiple listing service (MLS), which tracks sales activities in the board area. IAR compiles all the local board data into the statewide report each month. Reports are available online to IAR members and affiliates with a login and password. Anyone is eligible to become an IAR affiliate. For membership information, visit www.iowarealtors.com.