Statewide Iowa — A new report from the Iowa Association of Realtors shows the state’s real estate market wrapped up 2019 with sales, and prices, up compared to the year before.
Association president Scott Wendl says more than 42-thousand-200 homes were sold statewide last year. That’s up about 500 homes from the previous year.
The median home sales price last year was 168-thousand-500 dollars compared to about eight-thousand dollars lower in 2018.
The median sale price for single-family homes was higher each month in 2019 when compared to the same month in 2018.
Houses sold quickly in 2019 with an average of 63 days on the market. That’s two days faster than in 2018. Wendl, in his 24th year as a realtor, is optimistic looking ahead into 2020.
New construction rose during 2019 and it’s expected to continue rising into 2020, although many experts say new homes aren’t being built quickly enough to meet demand. The year is starting out with brisk sales as he says realtors he’s talked with are experiencing a much busier January than is typical.
