Weekly real estate market update Iowa City July 5. Includes homes sold, homes under contract and active listings.
614 Active Listings
59 Homes Under Contract
50 Homes Sold June 28 - July 3, 2010
An average of 241 days on market = 7.9 Months Absorption Rate (Number of months it takes the market to "absorb" homes). This number is staying pretty steady at the moment. In other words we still have a buyers market.
More homes than buyers in the market place + historically low interest rates = Opportunities for Buyers.
For a complete list of homes for sale in Iowa City just send me an email letting me know what you're looking for and I'll send you a list of homes fitting your criteria.
If you need to sell your home and would like some advice on how to sell it for the best price in the shortest time please call me anytime at 319-400-0268 or click here to send me your contact details.
How the absorption rate is calculated
Last week's real estate market update for Iowa City
Iowa City Real Estate Market Report May 2010
Iowa City Real Estate Market Report 1st Quarter: January - March 2010
Originally posted @ ichomesforsale.com