Des Moines, IA- According to data from the Iowa Association of Realtors, the number of existing home sales in Iowa continues to decline, and the overall price of homes in Iowa are above last year.
Radio Iowa reports that the median price for an Iowa home sold in September was $225,000. It’s down slightly from the record set in July, but it is 13.5% higher than the median sales price of Iowa homes sold in September of last year. The number of homes sold last month was down nearly 24 percent compared to last September. The president of the Iowa Association of Realtors says there’s typically a slowdown in sales in September, plus the number of homes on the market remains lower than normal.
The president of the Iowa Realtors Association said that experts project that homes will start spending more time on the market and there will be slower growth in home prices soon.
