27 homes sold in North Liberty in August 2010 compared to 40 homes sold in August 2009. Not great numbers. On the up side, this is an improvement over July when the number of homes sold in North Liberty took quite a dip.
| Average Price Homes Sold August 2010 | $196,614 |
| Highest Price Home Sold: | $724,900 |
| Lowest Price Home Sold: | $ 76,500 |
| Average Price Homes Sold August 2009 | $155,445 |
| Highest Price Home Sold: | $370,000 |
| Lowest Price Home Sold: | $ 77,500 |
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 spread sheet to avoid manipulating the data. According to that calculation we have 4.8 months of inventory on the market, that’s 145 days on market. Much better than Iowa City and Coralville, although I would still hesitate to call it a sellers market, even though technically based on the absorption rate it is. The fact is that we have a price driven market. You probably have the opportunity to sell your home quicker in North Liberty, but only if you price it right. Market conditions in the last few years have lead to us seeing a rise in “value shoppers” and they’re not going away any time soon.
If you need to sell your home in North Liberty 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 North Liberty? 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.
North Liberty IA Real Estate Market Report July 2010
North Liberty IA Real Estate Market Report 2nd Qtr 2010
Iowa City Real Estate Market Report August 2010
Iowa City Real Estate Market Report 2nd Qtr 2010
