By O. Kay Henderson (Radio Iowa)
Iowa Realtors Association data shows the number of Iowa home sales in May jumped 17.3% compared to April.
Iowa Realtors President Erik Melloy says Iowa’s housing market was active and balanced in May. Homes were on the market for about 10 days, compared to 12 days in April. The median sales price for a home in May was $260,000. That’s 5.1% higher than April.
The number of pending home sales was up 4.1% in May compared to the same month a year ago. The Realtors report tracks the sale of Iowa condos and townhomes, too, and shows both a reduction in the median time on the market and an increase in the number of closed sales of condos and townhomes in May.