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Iowa house sales and prices increased in October

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Iowa home sales were up slightly in October while homes are selling faster and for a higher price than last year at this time, the Iowa Association of Realtors said. Sales stood at 3,487 last month compared with 3,443 a year ago. The median sales price rose 3.7 percent to $156,500 from $150,900. Houses that sold in October had been on the market an average of 56 days, a 23 percent improvement from last year.