Weekly Real Estate Market Update North Liberty March 8, 2010: Homes Sold - Under Contract - Active Listings

By
Real Estate Broker/Owner with Cardinal Realty ~ 319-400-0268

Weekly Real Estate Market Update North Liberty Iowa March 8, 2010

 

real estate market update north liberty march 8, 2010

 

253 Active Listings
65 Under Contract
12 Homes Sold March 1 - March 6, 2010
5.5 Months of inventory on the market


The absorption rate for North Liberty is 5.5 months and still trending towards a sellers market. North Liberty continues to benefit from the homebuyer tax credit and we should see some real action in the next couple of months as buyers take advantage of the credit before the deadline of April 30.

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.

Last week's real estate market update for North Liberty


Real estate market report for North Liberty February 2010

Posted by

Denise Hamlin, Realtor®

Broker/Owner

CARDINAL Realty, Coralville IA 

Licensed to Sell Real Estate in the State of Iowa

 

Helping Happy Clients Make Smart Choices 

Iowa City Area Real Estate Services

 

Please remember that opinions expressed in my blog are just that - opinions - not fact
For legal or accounting advice please consult with a professional
Although the information provided is deemed reliable, it's not guaranteed

 

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