Homes Continue to Sell Quickly, Prices Keep Rising

CLIVE, IOWA – September 16, 2015 – (RealEstateRama) — Homes in Iowa reached a new low in days on market. Sale prices continue to rise. Home sales in August did drop off from a year ago according to the Iowa Association of REALTORS®.

The median sale price rose 5.8 percent from August of last year. The median price was $138,000 in August 2014 compared to $146,000 this year.

“The low inventory level in many markets continues to shorten the selling process. We reached a new 5-year low with 63 days on market,” stated Jon Yocum, President of the Iowa Association of REALTORS®. “With interest rates still hovering around 4 percent, it is still a great time to sell your home and settle in to your new home before the holidays.”

“The low inventory level in many markets continues to shorten the selling process. We reached a new 5-year low with 63 days on market,” stated Jon Yocum, President of the Iowa Association of REALTORS®. “With interest rates still hovering around 4 percent, it is still a great time to sell your home and settle in to your new home before the holidays.”

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