Statewide Iowa — (RI) — The president of the Iowa Association of Realtors says the changing seasons are prompting a slowdown in home sales in the state, but Scott Wendl says it’s nothing like the recession that hit the real estate industry in 2008.
Wendl has been a realtor in the Des Moines area for 24 years. He says 92 percent of all property sales in the U.S. are handled by a realtor.
The latest data from the Iowa Association of Realtors on home sales in the state indicates sellers are getting about 98 percent of their asking price. The median sale price has been increasing over the past year as well.