Weekly Market Update Iowa City July 26, 2010: Includes Homes Sold, Homes Under Contract & Current Listings

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

Weekly Real Estate Market Update Iowa City July 26, 2010: Includes Homes Sold, Homes Under Contract & Current Listings

weekly real estate market update iowa city july 26, 2010

 

 

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

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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