absorption rate iowa city

Weekly Real Estate Market Update Iowa City July 19, 2010

July 19, 2010

613 Active Listings 62 Homes Under Contract 10 Homes Sold July 12 – July 19, 2010 No big fluctuations on the week to week numbers at the moment so the number of days on market is not varying much either. When it comes to calculating the days on market I don’t use the numbers calculated [...]

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Weekly Real Estate Market Update Iowa City July 12, 2010

July 12, 2010

616 Active Listings 60 Homes Under Contract 7 Homes Sold July 5 – July 10, 2010 When it comes to calculating the days on market I prefer not to use the numbers 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 [...]

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Iowa City Real Estate Market Report April – June / 2nd Qtr 2010

July 6, 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 [...]

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Iowa City Market Report June 2010

July 6, 2010

There were 195 homes sold in Iowa City in June 2010 compared to 173 homes sold in June 2009 – That’s a 13% increase over last year. The interesting thing for me is that it seems condos and zero lots are starting to make a comeback. That’s good, because we have a lot more of [...]

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Weekly Real Estate Market Update Iowa City July 5, 2010

July 5, 2010

614 Active Listings 59 Homes Under Contract 50 Homes Sold June 28 – July 3, 2010 An average of 241 days on market = 7.9 Months Absorption Rate (Number of months it takes the market to “absorb” homes). This number remains pretty steady at the moment and with 7.9 months absorption rate we still have [...]

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