Weekly snapshot of the real estate market in Iowa City IA - September 13, 2010 - Homes Sold, average price and days on market - Active Listings and homes under contract.
521 Active Listings
36 Homes Under Contract
7 Homes Sold September 6 - September 11, 2010
| Average Price Homes Sold w/e Sept 11, 2010 | $167,128 |
| Highest Price Home Sold: | $226,000 |
| Lowest Price Home Sold: | $ 75,100 |
Highest number of days on market: 222 days
Lowest number of days on market: 52 days
This is a snapshot of what's going on in the Iowa City real estate market at the moment. No big fluctuations. Interest rates are still incredibly low at 4.25% for a 30 year fixed rate loan. As I talked about in a recent post, the low interest rate is as much as if not a bigger incentive than the tax credit. Free money is gone before you know it, a low interest rate means you save every month for the life of the loan. Plus, unlike the tax credit, the low interest rate benefits sellers too. After all, you're quite likely to turn around and buy a home right after you sell yours, aren't you?
If you need to sell your home in Iowa City and would like me to prepare a CMA (Current Market Analysis) with information of homes sold in your neighborhood please call me anytime at 319-400-0268 or click here to send me your contact details.
Are you ready to buy a home in Iowa City? Do you have a real estate related question or a question about the area for me? Just send me an email letting me know how I can help.
Last week's real estate market update for Iowa City
Iowa City Real Estate Market Report August 2010
Iowa City Real Estate Market Report July 2010
Iowa City Real Estate Market Report 2nd Quarter: April - June 2010
Originally posted @ ichomesforsale.com
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