Cedar Rapids, Iowa News, Sports, and Weather
Realtors Report Says Home Prices in Iowa Are Up
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.