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Homes Sold in North Liberty IA May 2011 Compared to May 2010
48 homes sold in North Liberty in May 2011 compared to 71 in May 2010. The surprising thing about the numbers is the fact that condo sales are up compared to last year. The big drop comes from single family homes and zero lot sales. This is totally different to Iowa City where single family home sales are doing much better than condos. If you follow my blog you'll know I keep an eye on the housing trends in Iowa City, Coralville and North Liberty. At the moment there's a lot of volatility with strange data like this that's hard to get a handle on. We're just going to have to be patient and watch and wait to see what happens in the coming months. This is the peak selling time of the year. In another couple of months we should have a clearer idea of how the North Liberty and greater Iowa City area housing market is really doing. One thing's for sure, these are interesting times to say the least.

Homes spend less time on the market in North Liberty than Iowa City or Coralville with an absorption rate of 7.1 months, that's an average of 217 days ... more

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