Home sales in Iowa dipped 0.2 percent in August compared to the same month last year, while prices continued their flat streak, according to statistics provided by the Iowa Association of Realtors.

Realtors recorded 3,972 sales statewide in August, down slightly from 4,051 a year earlier.

The overall median price of an Iowa home registered $128,600, up just 0.1 percent from $128,500 a year earlier, but down from $129,350 in July. The median is a typical market price where half of the homes sold for more and half sold for less.

While overall Iowa home sales were off slightly from the year-ago level, Realtors reported growing sales in some larger markets.

Sales in Des Moines, the state capital, gained 6 percent year-over-year in August to 1,130, up from 1,067 in August 2005. The city’s median home price edged lower during the period from $148,775 to $148,700.

In Cedar Rapids, home sales rose 8 percent during the same period, increasing from 438 to 472, while the median home price dipped to $134,250 from $134,450.

The largest sales decline among large markets was reported in Waterloo-Cedar Falls, which posted an 18 percent year-over-year drop in August, sinking from 311 to 254, as the median home price rose from $116,250 to $119,400, a 3 percent increase.

The Iowa Association of Realtors is one of the state’s largest real estate professional organizations, representing more than 7,500 members and affiliates.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×