Spencer, Iowa — A Spencer realtor who is the new president of the Iowa Association of Realtors says the housing market in the state has evened out. John Goede says the most recent numbers available showed September sales dropped by nearly 13-percent compared to last year, but the overall yearly sales are down only one-point-six percent.
Goede says the median sale price was up four-point-two percent even though the inventory of homes is rising. He says agents are using social media more to generate interest in houses — and there’s also a new trend being used.
Interest rates have gone up some this year, but he says they are not a point where they will have a big impact.
Goede says many homeowners who took it on the chin when the housing bubble burst, are now seeing some turnaround.
He says things are evening out so both sides tend to be happy when a house is sold.
Goede says the season trend for the rest of the year is for sales to fall off as the weather gets colder. The median sales price for a home was $160,000 in September compared to $153,500 in September 2017.
