Home Sales in North Liberty IA January 2012 - Number of Homes Sold, Average & Median Price

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

Lucky for me that February has an extra day this year so I can squeeze in my monthly market report for North Liberty at the last minute. Right in line with expectations Home sales in North Libery are up in January.  The numbers are almost as impressive as Iowa City. 26 homes sold in North Liberty January 2012 compared to 12 in 2011. That's a 116% increase compared to an increase of 138% in Iowa City in January.

The absorption rate has dropped to 4.9 months, that's an average of 150 days on market. (6 months absorption rate is a balanced market). 4.9 months absorption rate is technically a sellers market. It's true that the number of homes sold is definitely on the rise in North Liberty. When you click through this link you'll find a table on the original post where you'll see home prices are on the rise too. It's worth noting that home prices are skewed by a few factors. One of them being that about half the homes sold in North Liberty in January were new construction and they typically sell close to or at asking price.

Home sales North Liberty IA January 2012

 

It's the competition from new construction that makes selling a home in North Liberty different to selling a home in Iowa City or Coralville. Not that they don't have new construction in Iowa City or Coralville, just not as much. As we head towards Spring, if you've got a house to sell in North Liberty, now is a very good time to talk to a Realtor. This market report for North Liberty confirms that the housing market in North Liberty is definitely trending in the right direction. Condo sales are particularly encouraging.  What you need to know now is how that relates you and your house. Yes, there are more homes selling in North Liberty, but what are the chances of you getting the price you feel your home is worth? Only someone who really knows the North Liberty real estate market can help you figure that out.

Now is the time of course when I point out that I'd love the opportunity to talk with you and discuss what your options are when it comes to selling your home in North Liberty. You can call 319-400-0268 or drop me an email. I look forward to hearing from you!

Home Sales in North Liberty IA January - December 2011

 

Data for the market report for January collected from the Iowa City MLS February 29, 2012

 

Originally posted @ Iowa City Homes For Sale

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)

MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks for letting us know what's happening with homes for sale and sold in Home Sales in North Liberty IA January 2012 - Number of Homes Sold, Average & Median Price

Mar 05, 2012 02:34 PM