Iowa home prices rose in February, while sales fell slightly, according to the Iowa Association of Realtors February 2013 Housing Trends Report.
The median sale price jumped 12.9 percent to $118,000 in February 2013, compared with $104,500 in February 2012.
February sales volume across the state dropped 2.9 percent from last year, with 55 fewer homes sold than in February 2012.
The statewide inventory of homes on the market at the end of the month sat at 17,434, which includes 3,989 new active residential listings. The month's supply of inventory in February 2013 was 5.9 months, down 18.5 percent from last year, when the supply was 7.3 months.
The average number of days that houses were on the market was 104 days, which is down 9.6 percent, or nine days, from last year.
"Although sales were down slightly in February, overall, year-to-date sales in 2013 are still up 6.7 percent compared to the number of sales for the first two months of 2012," Don Marple, president of the Iowa Association of Realtors, said in a release.
Marple pointed to the higher number of winter storms and the lower inventory as factors in the decline.