(KIWA Staff Photo)
Statewide Iowa (RI) — Data from the Iowa Realtors Association shows the number of Iowa home sales in May jumped 17% compared to April.
Iowa Realtors President Erik Melloy says the state’s housing market was active and balanced in May. Homes were on the market for about 10 days, compared to 12 days in April.
The median sales price for a home in May was $260,000, a 5% increase from April.
The number of pending home sales was up 4% in May compared to the same month a year ago.
The Realtors report, which also tracks the sale of Iowa condos and townhomes, shows both a reduction in median time on the market and an increase in the number of closed sales for those properties in May.
