CLINTON — More than 25 percent of the Clinton housing stock was sold in July, a slice of the real-estate market that local Realtors say matched their hectic pace.
“We had a great July. I knew we were busy,” Clinton Board of Realtors President Barb Suehl Janis said.
Area Realtors sold 59 homes in July, a 73.5 percent increase over July 2012 when 34 homes were sold. The 59 homes made up 28 percent of the listings in the market in July. The Clinton market consists of Clinton and Jackson counties, and Illinois communities, such as Fulton and Albany.
Across the state, home sales were up by 18.3 percent in July, according to a report by the Iowa Association of Realtors last week.
The Clinton market is still behind on its sales year to date by 7.4 percent. However, 7.4 percent is a welcome improvement compared to the 24 percent the market was down year to date in the first six months of the year. So far this year, home sales in Iowa are up 8 percent compared to last year.
Homes sold this July also cost more than homes sold last July. The average price of a home sold in the Clinton market was $107,271, up from $102,077 during the same month last year.
“We are selling mostly homes in the $80,000 to $120,000 range. We also sold some homes around the $75,000 range because of a number of homes ADM bought in South Clinton,” Suehl Janis said.
The average sale price in Iowa rose by 10.8 percent, while the median sale price increased by 7.1 percent. The average sale price was $168,823 in July, and $152,361 last July. The median sale price was $142,700 in July 2013, and $133,250 in July 2012.
“June and July 2013 recorded the two highest average and median sales price figures ever recorded by IAR since it began the current data tracking system in 2005,” said Don Marple, president of the Iowa Association of Realtors