The housing market in Iowa continues to see strong price appreciation, with values up 59.8% compared to last year. Home prices have increased 20.1% in the past month alone. At the current sales pace, it would take over 17.0 months to sell all available homes in Iowa, indicating an oversupplied market. Homes are now taking an average of 201 days to sell, significantly longer than the 49 days typical for this market. A significant 47.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Iowa market with the affordability index at 541.1. Looking ahead, the Iowa market is expected to maintain its current trajectory with relatively stable conditions.