Weekly market upate North Liberty, Iowa: Number of homes sold, homes under contract and active listings August 9, 2010
217 Active Listings
24 Homes Under Contract
8 Homes Sold August 2 - August 9, 2010
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 5 months of inventory on the market, that's 151 days on market. July has been slow in the area and the absorption rate has slipped a bit in North Liberty compared to recent weeks.
What does this mean for you as a buyer? We still have a price driven market so there are still great opportunities for buyers, plus the interest rates are at all time lows which means it's really still a win-win situation for you.
The fact that we have a price driven market means that sellers probably won't make as much as they would like on the sale of a home. On the up side, the turnover rate for homes is better in North Liberty and it is likely that your home will spend less time on the market than in Iowa City or Coralville. (Depending on the location of course, location is always king). Bear in mind too that buyers are looking for deals. Pricing it right is one part of the equation. Equally important is that it's in pristine condition. Pricing your home right + seeing to it that it's the shiny penny on the block will put you well on the way to selling your home quickly.
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 North Liberty 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 market update for North Liberty
North Liberty real estate market report July 2010
North Liberty real estate market report 2nd Quarter: April - June 2010
Originally posted @ ichomesforsale.com
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