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Big Drop in Iowa Home Sales
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You're Now Reading:
Big Drop in Iowa Home Sales
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Big Drop in Iowa Home Sales
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Home Buying Tips
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About Mortgages
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November 19, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell by over 25 percent in Iowa during September according to the latest housing data from the Iowa Association of Realtors® (IAR), and for the first time in over year, sales failed to beat the previous year’s tally.

An estimated total of 2,671 existing single-family homes and condos were sold in the Hawkeye State in September. That was 25.8 percent lower than the 3,602 homes sold in August and 11.2 percent lower than the 3,007 homes sold in September 2011. It was the first time in 15 months that year-over-year homes sales have declined.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 14.1 percent lower than last month.

Despite the drop in home sales in September, through the first nine months of this year, sales are still 11.6 percent ahead of last year’s pace.

The median sales price for an existing home in Iowa fell by 1.8 percent in September to $127,000, down from $129,700 in August, but was still 5.8 percent higher than the median price of $120,000 in September of last year.

Dale Gross, president of the Iowa Association of Realtors®, stated, “Prior to this, sales had been up for many months in a row. Although September sales dipped some, overall 2012 year-to-date sales are still up by 11.6 percent. We’ll have to wait until October numbers are in to see if September was just a small bump in the road or the beginning of a slowing of the market.”

Of the 44 local boards that provide data for the monthly report, sixteen of the boards reported gains in home sales. Year-over-year, twenty-three of the local boards posted an increase in their median prices.

The total number of homes for sale across the state fell slightly again in September with 20,982 homes actively available, down slightly from 21,332 in August, and down from 24,464 homes available last year.

The average number of days that a home spent on the market was 92, down from 96 days in August and down from 100 days in September 2011.

Tags: Iowa real estate, existing homes, condos, sales, median home prices

Source:
IAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Rates

November 19, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell by over 25 percent in Iowa during September according to the latest housing data from the Iowa Association of Realtors® (IAR), and for the first time in over year, sales failed to beat the previous year’s tally.

An estimated total of 2,671 existing single-family homes and condos were sold in the Hawkeye State in September. That was 25.8 percent lower than the 3,602 homes sold in August and 11.2 percent lower than the 3,007 homes sold in September 2011. It was the first time in 15 months that year-over-year homes sales have declined.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 14.1 percent lower than last month.

Despite the drop in home sales in September, through the first nine months of this year, sales are still 11.6 percent ahead of last year’s pace.

The median sales price for an existing home in Iowa fell by 1.8 percent in September to $127,000, down from $129,700 in August, but was still 5.8 percent higher than the median price of $120,000 in September of last year.

Dale Gross, president of the Iowa Association of Realtors®, stated, “Prior to this, sales had been up for many months in a row. Although September sales dipped some, overall 2012 year-to-date sales are still up by 11.6 percent. We’ll have to wait until October numbers are in to see if September was just a small bump in the road or the beginning of a slowing of the market.”

Of the 44 local boards that provide data for the monthly report, sixteen of the boards reported gains in home sales. Year-over-year, twenty-three of the local boards posted an increase in their median prices.

The total number of homes for sale across the state fell slightly again in September with 20,982 homes actively available, down slightly from 21,332 in August, and down from 24,464 homes available last year.

The average number of days that a home spent on the market was 92, down from 96 days in August and down from 100 days in September 2011.

Tags: Iowa real estate, existing homes, condos, sales, median home prices

Source:
IAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

November 19, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell by over 25 percent in Iowa during September according to the latest housing data from the Iowa Association of Realtors® (IAR), and for the first time in over year, sales failed to beat the previous year’s tally.

An estimated total of 2,671 existing single-family homes and condos were sold in the Hawkeye State in September. That was 25.8 percent lower than the 3,602 homes sold in August and 11.2 percent lower than the 3,007 homes sold in September 2011. It was the first time in 15 months that year-over-year homes sales have declined.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 14.1 percent lower than last month.

Despite the drop in home sales in September, through the first nine months of this year, sales are still 11.6 percent ahead of last year’s pace.

The median sales price for an existing home in Iowa fell by 1.8 percent in September to $127,000, down from $129,700 in August, but was still 5.8 percent higher than the median price of $120,000 in September of last year.

Dale Gross, president of the Iowa Association of Realtors®, stated, “Prior to this, sales had been up for many months in a row. Although September sales dipped some, overall 2012 year-to-date sales are still up by 11.6 percent. We’ll have to wait until October numbers are in to see if September was just a small bump in the road or the beginning of a slowing of the market.”

Of the 44 local boards that provide data for the monthly report, sixteen of the boards reported gains in home sales. Year-over-year, twenty-three of the local boards posted an increase in their median prices.

The total number of homes for sale across the state fell slightly again in September with 20,982 homes actively available, down slightly from 21,332 in August, and down from 24,464 homes available last year.

The average number of days that a home spent on the market was 92, down from 96 days in August and down from 100 days in September 2011.

Tags: Iowa real estate, existing homes, condos, sales, median home prices

Source:
IAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.