Iowa home sales fell for the fifth straight month in November as the statewide median home price held steady with its year-earlier level, the Iowa Association of Realtors reported Wednesday.

According to statistics, there were 2,692 property sales statewide during November, down 10 percent from a year earlier when 3,013 homes sold. Sales have been falling steadily since July 2006 when 3,797 closings were recorded.

The state’s median home price at $128,000 was unchanged from November 2005, although it crept up from $109,650 in October.

The steepest decline in sales among large metro areas was reported in the Greater Sioux City area where sales dropped 17 percent year-over-year in November to 157, while the median home price grew 11 percent to $98,900.

Sales in Waterloo-Cedar Falls were down 14 percent during the period, falling to 163, and the median home price sank 6 percent to $94,000.

Greater Davenport also saw a 14 percent drop in sales from a year ago, posting 173 sales in November compared with 201 in November 2005. The area’s median home price during the period hovered around $129,000.

Despite the overall cooling statewide, Cedar Rapids continued to improve in November, registering 341 sales for the month, up 3 percent from 330 a year earlier. The median home price, however, slid 7 percent to $125,000.

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
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
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