Home prices and the number of homes sold across Iowa both rose last month compared to February of 2014, according to the Iowa Association of Realtors (IAR). A total of 1,971 homes were sold in February. That’s up from 1,877 homes in the same month one year ago. IAR president Jon Yocum of Dubuque says homes are selling quickly.
Yocum says the median sale price last month was $128,916 compared to $119,900 last year.
Homes sold last month were on the market for an average of only 94 days. Yocum expects sales activity will continue to climb over the next few months.
