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July Home Sales Similar To One Year Ago

Northwest Iowa — The Iowa Association of Realtors report for July shows the number of home sales was almost the same compared to one year ago.

Association president John Goede, who is a realtor in Spencer, says the numbers show around nine percent more homes available — but he says the overall picture on supply hasn’t changed much.

The median sales price of 175-thousand dollars was two-point-three percent higher and he says that’s in part due to inventory issues.

He says getting enough houses to show buyers is tough in some areas.

The Fed lowered the interest rate recently, but Goede says there really wasn’t much of an impact to home sales.

He says the rate change didn’t have much impact on what Iowa buyers can get for their money.

Goede says sales typically pick up in July and August as families are done with vacations and want to make decisions on moving before the school year starts.

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