WASHINGTON, D.C. – June 17, 2015 – (RealEstateRama) — Sale prices and number of homes sold continue their upward trend. Homes are selling faster than any point in the last 3 years according to the Iowa Association of REALTORS® (IAR).
Homes continue to sell very quickly as days on market fell to 75 days as compared to 90 days at this time last year. This is the lowest number of days on market in the last 3 years.
Sales increased 7.3 percent from a year ago. 4,134 homes were sold last month as compared to 3,853 homes that sold in May 2014. Active listings were down 3.4 percent and Pending listings were up 5.7% when compared to last May.
Listing Activity May 15
The report shows that…