Statewide Iowa — Figures from the Iowa Association of Realtors show sale prices rose in March while the number of homes sold dropped a little more than 11-percent compared to last year.
Association president John Goede says those who sell homes don’t have a lot to complain about.
The median sale price for Iowa homes sold in March was up six-point-seven percent compared to last year at 160-thousand dollars. Goede says you have to look at the larger view.
Goede, who sells real estate in Spencer, says Iowa’s wage rate has gone up and that has helped the Affordability Index for home buyers.
Goede says interest rates remain low too — and that also helps home buyers. He says the drop in sales is also something that has to be seen in the bigger picture.
The number of days a home was on the market before selling dropped by 14 days compared to last year in March. Homes sold in March were on the market for an average of 75 days compared to 89 days last year.
