The new president of the Iowa Association of Realtors says the housing market in the state has evened out.
John Goede is a realtor in Spencer and says the most recent numbers showed September sales dropped by nearly 13 percent compared to last year, but the overall yearly sales are down only one-point-six percent.
Goede says the median sale price was up four-point-two percent even though the inventory of homes is rising.
He says agents are using social media more to generate interest in houses — and there’s also a new trend being used.
OC………some prices” :22
Interest rates have gone up some this year, but he says they are not a point where they will have a big impact.
OC………they borrow” :12
Goede says many homeowners who took it on the chin when the house bubble burst, are now seeing some turnaround.
OC………in prices. :20
He says the season trend for the rest of the year is for sales to fall off as the weather gets colder.
The median sales price for a home was 160-thousand dollars in September compared to 153-thousand-500 in September 2017.
