Realtors Report Says Home Prices in Iowa Are Up

In this Sept. 21, 2010 photo, a sign stands in front of a new homes for sale in a West Des Moines, Iowa, neighborhood. Sales of new homes improved last month after the worst summer in nearly five decades, but not enough to lift the struggling economy. (AP Photo/Charlie Neibergall)

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By Aaron Hepker

CLIVE, Iowa (AP) — A new report says home prices and sales in Iowa are up significantly.

The Iowa Association of Realtors says the median sale price for a home was $125,000 in December. That's a 7.8 percent increase compared with the same period a year before.

The average sale price for a home was about $134,000 in December, a jump of 11.6 percent compared with December 2011. More than 2,500 homes were sold or closed last month, a slight jump compared with December 2011.

The group's housing trends report shows 34,860 homes were sold across the state in 2012. Just over 31,000 homes were sold in 2011.

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