Iowa (RI) — The Iowa Association of Realtors reports a nearly six percent increase in the number of homes sold in September compared to the same month a year ago.
The president of the Iowa Association of Realtors says even though the interest rate on a 30-year mortgage is actually higher than it was a year ago, buyer confidence appears higher due to five straight months of rate reductions, a slower rise in home prices, and a continued increase in inventory.
Compared to September of last year, there were 13-point-six percent more Iowa homes for sale last month. And that year-to-year comparison shows the average number of days a home is on the market was 25 percent higher in September. The median sales price for an Iowa home in September was 245 thousand dollars. That’s slightly lower than it was in August.
KIWA Staff Photo
