Iowa City Real Estate Market Report April – June / 2nd Qtr 2010
392 homes sold in Iowa City in the 2nd quarter 2010 compared to 313 homes sold in the 2nd Qtr 2009 – That’s a 25% increase. The most interesting trend is that condos are making a comeback with a 62% increase over last year. That is excellent news, as we have a lot of those in the Iowa City area!
| Average Price Homes Sold April – June 2010 | $188,004 |
| Highest Price Home Sold: | $675,000 |
| Lowest Price Home Sold: | $67,680 |
| Average Price Homes Sold April – June 2009 | $203,351 |
| Highest Price Home Sold: | $665,000 |
| Lowest Price Home Sold: | $72,900 |
I don’t use the days on market calculated by the MLS. I use a simple method to calculate the absorption rate/days on market that doesn’t manipulate the data. According to that calculation we have 7.7 months of inventory on the market, that’s 232 days on market. I should add that 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 both of those factors would need to be looked at as they play into how many days on market you can expect when you list your home for sale.
For a complete list of homes for sale in Iowa City just send me an email letting me know what you’re looking for and I’ll send you a complete list of homes meeting your criteria.
If you’re interested in selling your home for the best price in the shortest time please call me anytime at 319-400-0268 or click here to send me your contact details.
