61 homes sold in Iowa City in August 2010 compared to 84 homes sold in August 2009. Not great numbers, but a significant improvement over July when the numbers were way down compared to 2009.
| Average Price Homes Sold August 2010 | $175,195 |
| Highest Price Home Sold: | $510,000 |
| Lowest Price Home Sold: | $ 69,900 |
| Average Price Homes Sold August 2009 | $200,236 |
| Highest Price Home Sold: | $765,000 |
| Lowest Price Home Sold: | $ 55,000 |
The source for the data used in all my market reports is from the Iowa City MLS. For the days on market/absorption rate I take numbers from the MLS and insert them into a simple Excel spreadsheet to avoid manipulating the data. According to that calculation we have 7.5 months of inventory on the market, that’s 227 days on market. This calculation does not take into account the different types of homes, location or different price ranges, so it’s not a huge help to you if you’re selling your home. If you’re selling a home in Iowa City you would need to look at the number of homes sold in your specific neighborhood in the same price range to figure out how many days on market you can expect when you list your home for sale.
If you need to sell your home in Iowa City and would like me to prepare a CMA (Current Market Analysis) with information of homes sold in your neighborhood please call me anytime at 319-400-0268 or click here to send me your contact details.
Are you ready to buy a home in Iowa City? Do you have a real estate related question or a question about the area for me? Just send me an email letting me know how I can help.
Iowa City real estate market report July 2010
Iowa City real estate market report April – June 2010 / 2nd Qtr
Coralville real estate market report August 2010
Coralville real estate market report April – June / 2nd Qtr
