It was Spring Break last week and a quiet week when it came to home sales in Iowa City. The number of homes under contract rose to 111. That's up from 101 last week and not bad for a quiet week!
We should expect lots of action in the coming weeks. This is the busiest time of the year when it comes to the number of buyers out looking for homes. That's due to a combination of events. The first is renters whose leases are up. They want to make sure they have somewhere to go and are not homeless in a couple of months. Then there's the fact that "Match Day" was last week and nationwide Medical Students now know where they'll be doing their Residency after they graduate.
The University of Iowa and The UI Hospitals are the biggest employers in the area. There's a lot of "changing spaces" going on at this time of year. For some it's the end of their 3 or 4 year stay in Iowa. For others it's just the beginning. What this means is lots of activity in an already busy spring market.
While I'm on the subject of buyer activity, just lately I've noticed a surge of searches for the answer to the question. "When is the best time to list your home?" In case I wasn't clear enough in the last paragraph. If you're a seller and really want to sell your home, then you need to make sure it's on the market when the most buyers are out and about. That would be now...
530 Active Listings
111 Homes Under Contract
30 Homes Sold in Iowa City in March to date: 19 single family homes, 8 condos, 1 detached condo and 2 zero lots
Monday Market Snapshot March 14, 2011
Real Estate Market Report January 2011 Compared to January 2010
originally posted @ ichomesforsale.com