Weekly Real Estate Market Update North Liberty March 8, 2010

253 Active Listings
65 Under Contract
12 Homes Sold March 1 – March 6, 2010
5.5 Months of inventory on the market

The absorption rate for North Liberty is 5.5 months and still trending towards a sellers market. North Liberty continues to benefit from the homebuyer tax credit and we should see some real action in the next couple of months as buyers take advantage of the 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

Real estate market report for North Liberty February 2010