Home Sales were flat in North Liberty in September. 33 Homes sold in North Liberty in September 2012 compared to 34 in September 2011. Iowa City was the only area that I cover that saw a gain in home sales in September.
The absorption rate in North Liberty is at 3.8 months, that’s an average of 117 days on market. That’s still very low, although up just a little from last month. There’s more good news with the average and median price of homes in North Liberty up in September.
Average Price September 2012 | Average Price September 2011 | Median Price September 2012 | Median Price September 2011 |
|
|---|---|---|---|---|
| Single Family | 276,063 | 233,296 | 227,000 | 206,400 |
| Condos | 119,708 | 97,375 | 117,000 | 93,000 |
| Zero Lots | 201,750 | 172,971 | 209,400 | 167,000 |
Looking at the bigger picture, the trend in the housing market in North Liberty is looking good. Home Sales in North Liberty from January through September are up by 19%. Home prices in North Liberty are up too. All we need now is for this trend to continue through the winter months. I’ll be staying on top of the market in North Liberty if you want to check back for updates. Or better yet Subscribe to My Blog and have market updates sent directly to your email.
Want to talk through your options and figure out whether now is a good time for you to buy a home or list your home in North Liberty? Give me a call at 319-400-0268 or drop me an email. My approach is very straightforward. I’ll help you figure out a strategy on how to get from A to B with the minimum amount of fuss.
Data for this market report pulled from the Iowa City MLS October 15, 2012
