Weekly real estate market update for Iowa City. Includes homes sold, homes under contract and active listings April 5, 2010.
631 Active Listings
169 Homes Under Contract
25 Homes Sold March 29 - April 3
8.5 Months Absorption Rate (Number of months it takes the market to "absorb" homes).
The homes under contract continue to rise and there was also a jump in the number of homes sold last week. The market is hopping and that's likely to continue through April as buyers rush to take advantage of the homebuyer tax credit before the deadline of April 30 for an accepted offer.
Last week's real estate market update for Iowa City
How the absorption rate is calculated
Real Estate Market Report for Iowa City March 2010