October Home Sales Down 34% in Iowa Compared to Last Year
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(Radio Iowa) The number of homes sold in Iowa has declined by nearly 14 percent in the first 10 months of this year — with sales in October down significantly.

Twenty-nine-hundred Iowa homes were sold in October. That’s 34 percent fewer than in October of last year. Data from the Iowa Association of Realtors indicates home prices in Iowa were up 10 percent last month and the number of homes going on the market is increasing after record low numbers earlier this year. The median price for a home sold in Iowa last month was $217,500 dollars. That’s down nearly 10 percent from the record high set in July.

The president of the Iowa Association of Realtors says Iowa properties are selling in about a month, but experts project homes will begin to spend more days on the market — typical for the winter sales season.

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