Weekly Real Estate Market Update North Liberty March 1, 2010

244 Active Listings
66 Under Contract
0 Homes Sold February 21 – February 27, 2010
5.4 Months of inventory on the market

The absorption rate for North Liberty is still good at 5.4 months and trending towards a sellers market. Although no homes sold there are 12 more homes under contract than last week – A good sign that buyers are out taking advantage of the homebuyer tax credit before the deadline of April 30.

If you’re not familiar with the absorption rate, more than 6 months of inventory of homes on the market is a buyers market, 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here’s the first post I wrote where I included the absorption rate with an explanation of how it’s calculated.

Last week’s real estate market update for North Liberty