Home sales in Iowa declined 5 percent in July compared to the same month last year, while prices remained flat, according to statistics provided by the Iowa Association of Realtors.

Realtors recorded 3,797 sales in July, down from the year-earlier total of 3,981.

The overall median price of an Iowa home registered $129,350 in July, up just 0.5 percent from $128,700 a year earlier. The median is a typical market price where half of the homes sold for more and half sold for less.

Sales in Des Moines, the state capital, dropped 9 percent year-over-year in July to 1,020, down from 1,126 in July 2005. The city’s median home price dipped 0.5 percent during the period, falling from $149,200 to $148,500, and also inched lower from June.

In Cedar Rapids, home sales sank 16 percent during the same period, falling from 452 to 380, while the median home price grew to $133,000, up 2 percent from $129,975 a year earlier.

The Iowa City area posted an 18 percent annual sales decline in July, sinking from 450 to 365, as the median home price rose from $147,950 to $152,500, a 3 percent increase. July’s median is down considerably from $158,000 in June, according to statistics.

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

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
Prepare for this fall with top agents & brokers at Connect Now this Tuesday.GET YOUR TICKET×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
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