Market Trends for 2014 Show Home Values Rising with Sales Steady in the Cedar Rapids Area

PRESS RELEASE- 2014 Home Prices in Iowa continued to rise this year according to the official yearly housing trends released by the Iowa Association of REALTORS®. The median sale price improved 1.5 percent. The median price was $134,000 compared to $132,000 in 2013. "It is great news to see home values on the rise. This is the third consecutive year with an increase in home prices." stated IAR President Jon Yocum. Home Sales remained steady when compared to last year.  Sales dipped by less than .4%.  37,783 homes sold in Iowa in 2014. In 2013, sold properties totaled 37,930. For the … [Read more...]