Weekly Real Estate Market Update Iowa City July 26, 2010: Includes Homes Sold, Homes Under Contract & Current Listings
599 Active Listings
63 Homes Under Contract
13 Homes Sold July 19 - July 24, 2010
No big fluctuations on the week to week numbers at the moment. When it comes to calculating the days on market I use a simple method to calculate the absorption rate/days on market that doesn't manipulate the data. According to that calculation we have 8.1 months of inventory on the market, that's 246 days on market. MLS data puts it at 126, making it appear a little better. Either way we have quite a bit of inventory to work through in Iowa City and it's going to take us a while to see an improvement on the absorption rate.
If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) please call me anytime at 319-400-0268 or click here to send me your contact details.
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.
Last week's real estate market update for Iowa City
Iowa City Real Estate Market Report June 2010
Iowa City Real Estate Market Report 2nd Quarter: April - June 2010
Original source: ichomesforsale.com