The median sales price of homes that sold across the state in March increased 6.7% from this time last year to $160,000, the Iowa Association of Realtors said. Meanwhile, sales dropped 11.4% to 2,723 from a year ago. Homes that sold in March had been on the market an average of 75 days, compared with 89 days in March 2018. For the first quarter, sales dropped 6.1% while the median sales price increased 4.7% to $157,000. "The recent announcement from the Federal Reserve to pause interest rate hikes for the rest of the year is welcome news to homebuyers and sellers. We hope that news from the Fed coupled with the improved weather that April brings will result in a more active real estate market," IAR President John Goede said in a statement. More information is available at the IAR’s Housing Stats web page