Weekly Real Estate Market Update for North Liberty February 22, 2010: Homes Sold, Under Contract & Active Listings
245 Active Listings
54 Under Contract
7 Homes Sold Feb 15 - Feb 20
4.7 Months of inventory on the market
North Liberty is doing well with an absorption rate of 4.7 months and definitely trending towards a sellers market. With all the activity we have now and buyers out looking to take advantage of the homebuyer tax credit North Liberty is set to do very well in the spring.
If you're not familiar with the absorption rate, more than 6 months of inventory of homes on the market is a buyers market, 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here's the first post I wrote where I included the absorption rate with an explanation of how it's calculated.
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