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Iowa City Real Estate Market Report January - September 2012
At the beginning of the month I wrote a post with a general overview of the Iowa City real estate market for the year. Today I have a graph and some numbers to share with you giving you more insights on the real estate market in Iowa City. 743 homes sold in the first 9 months of the year. That's a 16% increase compared to the same time frame in 2011. The average and median price of homes sold is also up. The average price is up by 5%. The median price by 4%.
The graph shows the median price of homes sold January through September 2012 compared to 2011. The original post on my website includes a table that shows both the average and median prices. It didn't make sense to put more trending lines on the graph so I skipped putting the average price on the graph. That would only have confused things. As it is, you can see that we have no major dips or peaks in the Iowa City real estate market.  Home prices were lower in Iowa City at the beginning of the year and improved April through August with another dip in September.
 

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