The latest data from the Iowa Association of Realtors shows home prices are up by more than six percent last month compared to July of last year.
From July of 2023 to July of this year, there was a two-point-seven percent increase in the total number of homes sold in Iowa and the median price was 15-thousand dollars higher. However, from June to July, pending home sales declined about two percent. The president of the Iowa Association of Realtors says inventory is the bright spot in Iowa’s housing market. There was a nearly five percent increase in the number of homes LISTED for sale in July of this year compared to July of 2023. A TOTAL of 77-hundred Iowa homes were on the market in July. That’s 22-point-six percent more than July of last year.
