The Iowa Association of Realtors monthly report shows around the same number of houses sold this May as sold last year — but they are selling at a faster pace. Association president, Cindy Miller, says it’s an issue of the proper supply of the bestselling homes.
She says buyers are looking for mid priced homes.
The competition for those houses has pushed up the median sale price of homes by five-point-four percent compared to last year. The median price is now 155-thousand dollars.
There were four-thousand-398 homes sold in May of this year compared to 44-hundred-three sold last May. The average days on market was 75 while last year in May it took an average 85 days.
