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Iowa homes selling even faster

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Homes in Iowa reached a five-year low in average days on market at 63, the Iowa Association of Realtors reported, though overall home sales were down in August. Sale prices continue to rise. Home sales in August did decline from a year ago, according to the Realtors group. Home sales in Iowa fell 7.8 percent in August compared with the same month a year ago. Year-to-date totals were 7.6 percent higher than for the first eight months of 2014. The median sale price rose 5.8 percent from August of last year, to $146,000 from $138,000. Read more

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