The Iowa Association of REALTORS says the overall housing inventory remains the bright spot for the Iowa housing market as the summer buying and selling season kicked off in June.
Inventory of homes for sale continues to grow in Iowa, providing more variety and opportunities for prospective buyers. In June, overall inventory climbed 4-point-4 percent with 7,417 homes on the market compared to the 7,104 homes listed in May. Yearly, the market saw a 31-point-8 percent increase from the 5,626 homes listed in June of last year.
Sales took a slide in June with 3,228 homes sold, a 17 percent decrease from last year’s 3,887 homes sold.
Days on the market increased 11-point-4 percent to 39 days in June compared to 35 days a year ago.
The median sales price jumped 6-point-4 percent in June to 250-thousand dollars, compared to the 235-thousand dollar median price of last year.
