Iowa Housing Market
Home prices in Iowa were up 4.3% year-over-year in March. At the same time, the number of homes sold fell 6.0% and the number of homes for sale rose 6.5%.
Home prices in Iowa were up 4.3% year-over-year in March. At the same time, the number of homes sold fell 6.0% and the number of homes for sale rose 6.5%.
What is the housing market like right now?
The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $226,300.
Are there enough homes for sale to meet buyer demand?
The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 10,109 residential homes for sale in the United States.
How competitive is the market?
Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.