Iowa Home Prices Climb

Nov 18, 2016

Home prices in Iowa are on the rise.

Home prices in Iowa are five percent higher than a year ago.
Credit Dan Moyle / Flicker

The monthly report from the Iowa Association of Realtors shows the median sale price in October was $145,000, 5.1 percent higher than a year ago.

Association president Cindy Miller says it’s a seller’s market at the moment.

“I think what we have right now is a lower inventory, which will drive supply-and-demand and drive the price up a little bit,” she says.

Miller sees that changing in the coming months.

“Winter always slows down a little bit," she says. "When spring comes, it improves. People are ready for spring, ready for a move, something different.”

There were 3,425 homes sold in Iowa in October, slightly fewer than in October of 2015.