Iowa City Homes: Weekly Market Snapshot April 26, 2011

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

45 Homes sold in Iowa City in April to date. There are 168 homes pending or contingent. Pending or contingent means homes that have accepted offers and may still have contingencies on them to fulfill before they close. There are currently 582 homes in Iowa City showing as active listings.

The trend is still favored towards buyers with an Absorption Rate of 9.4 months, that's an average of 283 days on market. On the up side, the number of homes sold and pending is on the rise. What we need to happen is for the number of active listings to decline. We still have a lot more homes on the market than buyers to buy them. It's when that changes we will see a transition to a more balanced market.

 

Weekly market update Iowa City April 26, 2011


 

582 Active Listings
168 Homes Pending or Contingent
45 Homes Sold in Iowa City in April to date: 30 single family homes, 12 condos,  3 zero lots




With all the competition out there if you have a house to sell, price and condition are more important than ever. If your house is the shiny penny on the block AND it's priced right, then you're in great shape to sell your house in Iowa City this spring.

If you're buying a home on the other hand. Keep in mind that although there are a lot of homes on the market, the best ones get snapped up fast. If you see something you like, don't think about it too long or you'll find when you're ready to make your move someone else has beaten you to it!


 

Monday Market Snapshot April 18, 2011

Real Estate Market Report March 2011 Compared to March 2010

Real Estate Market Report February 2011 Compared to February 2010

Real Estate Market Report January 2011 Compared to January 2010

 

Source for data: Iowa City Area MLS Monday April 26, 2011

 

Originally posted @ 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

 

Comments (2)

Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Denise-I think we can all agree a balanced market is a good thing. Hope you had a great Easter.

Apr 26, 2011 01:23 PM
Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

Hi Sharon ~ Yes, a balanced market would be nice. I wish I had a crystal ball to see when that is likely to happen. I don't - So in the meantime I'll keep watching the numbers and hoping for the best!

My Easter was busy. Amongst other things I moved my website to a new hosting company. That was fun. Not. It will take me a while to get properly sorted then I hope it will be better than ever!

Hope your Easter went well. I know you're a busy lady most of the time too. ~ Denise

 

Apr 26, 2011 02:26 PM