homes sold iowa city: Iowa City Real Estate Market Report January - June 2014 - 07/12/14 08:37 AM
Home Sales are up by just slightly for the first half of the year in Iowa City. A little over 1%, which might be surprising if it wasn't for the fact that it was clear from earlier market reports that the low inventory of homes on market was having an impact on home sales in the Iowa City area.
The market is still active in Iowa City, just not as hot in the spring selling season. With 4.5 months of inventory on the market, buyers have more choices at some price points. The opportunites are there for both buyers and sellers. 
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homes sold iowa city: Homes Sold in Iowa City - Market Update February 20, 2012 - 02/20/12 01:04 PM
Home sales are on track to be up again in February in Iowa City - This will be the 8th straight month where we see in increase in home sales. It looks like we're in for a really good spring and summer in the Iowa City real estate market.
So now to the numbers. 15 homes sold in Iowa City in February so far compared to 11 this time last year. 71 homes are listed as pending or contingent and 379 homes are currently showing as Active Listings on the Iowa City MLS.
If you're on the fence about selling your home, now … (2 comments)

homes sold iowa city: Housing Trends in Iowa City by School District January - December 2011 - 01/25/12 10:57 AM
Lately I've been thinking about how I can step up my market reports for Iowa City to make them more useful. It seems for them to be really useful to buyers and sellers they need to show Home sales more specific to Iowa City neighborhoods. Access to the Iowa City MLS means I have lots of data to pull from and through experience I've found the most efficient way to search is by elementary school district. Iowa City has a population of almost 70,000 and has 12* elementary schools. As you can imagine, that means we are talking about relatively small areas for … (2 comments)

homes sold iowa city: Iowa City Homes: Market Update January 16, 2012 - 01/16/12 02:53 PM
Looks like I picked a good day to do a market update for Iowa City. 16 homes sold in Iowa City in the first 16 days of 2012. Gotta love those numbers - A great kick off to the year, especially considering only 13 homes sold in all of January in 2011.
42 homes are listed as pending or contingent and 282 homes are currently showing as Active Listings on the Iowa City MLS. That's not a lot of inventory. It's possible sellers took their homes off the market for the Holidays. Now would be a REALLY good time to list … (4 comments)

homes sold iowa city: Residential Home Sales in Iowa City January - December 2011 - 01/09/12 02:26 PM
Home sales in Iowa City were up slightly in 2011, as you'll know if you read this post  I wrote last week. Today I'm going to break it down into categories. Single family homes in Iowa City did a lot better than condos in 2011 with single family home sales up compared to 2010 by 12% while condo sales were down by 15%.
It's not surprising that condo sales are down. Iowa City is a relocation destination and a good portion of the condo market is driven by students coming to the University of Iowa and residents moving to Iowa City for their residency … (0 comments)

homes sold iowa city: Homes Sold in Iowa City November 2011 Compared to November 2010 - 12/13/11 06:44 AM
Last week I did my November monthly reports for Coralville and North Liberty. Today it's Iowa City's turn.  49 homes sold in Iowa City in November 2011 compared to 37 homes sold in November 2010. That's a 32% increase compared to last year. That's pretty good for the "quiet time" of the year.
The absorption rate has dropped to 5.0 months, that's an average of 152 days on market. (6 months absorption rate is a balanced market). We probably shouldn't take too much notice of that though. It's possible that sellers have taken their homes off the market for the holidays and when they're relisted … (0 comments)

homes sold iowa city: Iowa City Homes: Market Snapshot October 10, 2011 - 10/10/11 02:01 PM
With house prices as low as they are and the 30 yr fixed interest rate below 4% you'd expect the real estate market to be hopping. That's not quite the case. Home sales in Iowa City remain steady this month. Homes sold in October to date are up to 20. That's a couple more than last year at this time. 43 homes sold in October 2010 so we've got  a good number to beat. There are 69 homes listed as pending or contingent and 416 currently showing as active listings on the Iowa City MLS.
Active listings going down, pending sales on the … (1 comments)

homes sold iowa city: Iowa City Homes: Market Snapshot September 12, 2011 - 09/12/11 01:20 PM
The real estate market in Iowa City picked up in July and August after a volatile first half of the year . Today I pulled data from the Iowa City MLS to see if September is following in that trend. The number of homes sold in Iowa City this month to date is at 11. That's compared to 15 homes that sold in the first 12 days of September last year. There are 57 homes listed as pending or contingent. That's a good strong number and indicates we have quite a few closings to look forward to. If only half of … (2 comments)

homes sold iowa city: A Look At Home Sales in Iowa City January - August 2011 Compared to 2010 - 09/07/11 11:38 AM
I figured I'd kick it up a notch today and throw more data at you about our improving real estate market in Iowa City. I'm pretty sure if I was in the middle of deciding whether or not to jump into this market, either as a buyer or a seller, I'd want a bit more than ambiguous statements about the "market picking up" before I made up my mind. What does that mean exactly? Well, I know of no better way to illustrate what that means than share with you a few graphs that illustrate what exactly has been going on … (1 comments)

homes sold iowa city: Homes Sold in Iowa City August 2011 Compared to August 2010 - 09/05/11 11:29 AM
We had another good month for home sales in Iowa City in August. According to data pulled from the Iowa City Area MLS this morning 69 homes sold in Iowa City in August 2011 compared to 62 homes sold in August 2010.  The ways things are shaping up it looks like home sales in Iowa City in the 3rd quarter may well exceed expectations. I have to admit, it's much more fun putting together these real estate market reports when the data is positive. Keep an eye open from my weekly reports in September. The way things are progressing I'm expecting … (3 comments)

homes sold iowa city: Iowa City Homes: Market Snapshot June 27, 2011 - 06/27/11 03:51 PM
It's almost the end of the month and it doesn't look like this is going to go down as the busiest June on record! According to data pulled from the Iowa City MLS today the number of homes sold in Iowa City this month to date is at 108. That's down by about 30% compared to June 2010 so far. There need to be a lot of closings in the next couple of days to bring that number up. There are 161 homes Sale Pending or Contingent. (Sale Pending or Contingent means they have accepted offers that may still have contingencies … (0 comments)

homes sold iowa city: Iowa City Homes: Market Snapshot June 20, 2011 - 06/20/11 11:29 AM
June is historically the busiest month for closings in Iowa City. I checked the Iowa City MLS this morning and the number of homes sold in Iowa City in the month of June to date is at 88. There are 151 homes Sale Pending or Contingent. (Sale Pending or Contingent means they have accepted offers that may still have contingencies on them to fulfill before closing). There are currently 542 homes in Iowa City showing as Active Listings.The Absorption Rate is at 9.2 months this week, that's an average of 279 days on market. We still have lots of inventory to … (4 comments)

homes sold iowa city: Iowa City Homes: Market Snapshot June 7, 2011 - 06/07/11 04:09 PM
It's June and home sales are doing pretty well in Iowa City this month. Checked the Iowa City MLS this morning and the number of homes sold in Iowa City for the month of June is at 37. It's only June 7 so there's plenty of month left to get those numbers up. There are 169 homes Sale Pending or Contingent. (Sale Pending or Contingent means they have accepted offers that may still have contingencies on them to fulfill before closing). There are currently 546 homes in Iowa City showing as Active Listings. The Absorption Rate is at 9 months this … (4 comments)

homes sold iowa city: Iowa City Homes: Market Snapshot May 24, 2011 - 05/24/11 12:11 PM
Checked the Iowa City MLS this Morning and the number of homes sold in Iowa City for the month of May has jumped to 68. There are 188 homes Sale Pending or Contingent. (Sale Pending or Contingent means they have accepted offers that may still have contingencies on them to fulfill before closing). There are currently 568 homes in Iowa City showing as Active Listings.The Absorption Rate is at 8.5 months this week, that's an average of 259 days on market. The number of homes sold and pending is definitely on the rise and June and July are the biggest months … (3 comments)

homes sold iowa city: Iowa City Homes: Market Snapshot May 17, 2011 - 05/17/11 10:07 AM
Checked the Iowa City MLS this Morning and the number of closings in Iowa City for the month of May has jumped quite a bit since last week's update. We're now at 49 for the month.  There are 182 homes Sale Pending or Contingent. (Sale Pending or Contingent means they have accepted offers that may still have contingencies on them to fulfill before closing). There are currently 573 homes in Iowa City showing as Active Listings. The Absorption Rate has gone down a couple of points this week to 8.7 months, that's an average of 265 days on market. The number … (2 comments)

homes sold iowa city: Iowa City Homes: Weekly Market Snapshot May 2, 2011 - 05/02/11 03:34 PM
12 Homes sold in Iowa City since last week's market snapshot. There are 183 homes sale pending or contingent. When homes are showing as sale pending or contingent it means they have accepted offers that may still have contingencies on them to fulfill before closing. There are currently 574 homes in Iowa City showing as active listings. The Absorption Rate is holding steady at 9.4 months, that's an average of 283 days on market. The number of homes sold and pending is on the rise - Just not quick enough to have an effect on the absorption rate. We still have … (2 comments)

homes sold iowa city: Iowa City Homes: Weekly Market Snapshot April 26, 2011 - 04/26/11 12:52 PM
45 Homes sold in Iowa City in April to date. There are 168 homes pending or contingent. Pending or contingent means homes that have accepted offers and may still have contingencies on them to fulfill before they close. There are currently 582 homes in Iowa City showing as active listings. The trend is still favored towards buyers with an Absorption Rate of 9.4 months, that's an average of 283 days on market. On the up side, the number of homes sold and pending is on the rise. What we need to happen is for the number of active listings to decline. … (2 comments)

homes sold iowa city: Iowa City Homes: Weekly Market Snapshot April 18, 2011 - 04/18/11 09:42 AM
33 Homes sold in Iowa City in April to date. There are 151 homes pending or contingent. Pending or contingent means homes that have accepted offers and may still have contingencies on them to fulfill before they close. There are currently 583 homes in Iowa City showing as active listings.
 

 583 Active Listings 151 Homes Pending or Contingent 33 Homes Sold in Iowa City in April to date: 19 single family homes, 11 condos,  3 zero lots The trend is still favored towards buyers with an absorption rate of 9.4 months, that's an average of 283 days on market. … (0 comments)

homes sold iowa city: Iowa City Homes: Weekly Market Snapshot April 11, 2011 - 04/11/11 11:05 AM
20 Homes sold in Iowa City in April to date. There are 151 homes pending or contingent. Pending or contingent means homes that have accepted offers and may still have contingencies on them to fulfill before they close. There are currently 563 active listings for homes on the market in Iowa City. Spring is getting off to a great start with lots of activity in the Iowa City real estate market at the moment. As you can see in the graph the slice of the pie with homes pending or contingent is looking good. I thought with things picking up it … (0 comments)

homes sold iowa city: Iowa City Homes: Weekly Market Snapshot March 28, 2011 - 03/28/11 12:08 PM
33 Homes sold in Iowa City in March to date. The number of homes pending or contingent rose to 122 from 111 last week. Pending or contingent means they are homes that have accepted offers and may still have contingencies on them to fulfill before they close. There are currently 556 active listings homes on the market in Iowa City. We should expect lots of action in the coming weeks. This is the busiest time of the year when it comes to the number of buyers out looking for homes. That's due to a combination of events. The first is renters … (2 comments)

 
Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices  (Cardinal Realty ~ 319-400-0268) Rainmaker large

Denise Hamlin, Broker/Owner

Helping Happy Clients Make Smart Choices

Iowa City, IA

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Cardinal Realty ~ 319-400-0268

Address: Coralville, IA, 52241

Office: (319) 400-0268

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