Northwest Iowa — A new report from the Iowa Association of Realtors shows the median sale price of a home sold in Iowa last month was $145,000. That’s up by 5.1 percent compared to a year ago.
IAR president Cindy Miller says it’s a seller’s market at the moment. The increase is being driven by a limited inventory of homes for sale across the state, according to Miller. She expects that to change in the coming months.
Here in our corner of the state, the housing market hasn’t seen the dramatic upturn in selling prices that have been seen elsewhere around Iowa, but the increases here have been more gradual. We talked with Debbie Den Hartog, Real Estate Broker with Security Realty in Sheldon. Den Hartog tells us that here, home prices have increased steadily over the past five years or so, but there haven’t been the spikes that have been seen in other parts of the state. She says that we do see the same trends as the remainder of the state, but they aren’t as volatile here in rural northwest Iowa.
Winter always slows down the pace of home sales, but things normally pick up in the spring.
