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August to August Iowa Home Sales Drop

Learfield Communications, Inc.

 

Home sales in Iowa decreased last month by 9.2-percent compared to August 2013, according to a new report from the Iowa Association of Realtors.  

I-A-R President Kathy Miller isn’t entirely sure why home sales dropped off so significantly, but she says the start of a new school year may offer some explanation. The report shows 3,685 homes were sold in August 2014, while 4,059 homes were sold in August 2013. Miller also credits a low inventory, combined with buyers who are waiting for the right home.  

While home sales decreased, prices increased by 4.7-percent over the one year period. Continue Reading →

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