absorption rate
Weekly Real Estate Market Update North Liberty March 15, 2010
257 Active Listings
76 Under Contract
2 Homes Sold March 8 – March 13, 2010
5.6 Months Absorption Rate (Number of months it takes for the market to “absorb” homes)
The absorption rate in North Liberty is 5.6 months and still trending towards a sellers market. When the 76 homes under contract start closing it will be sure to have a positive impact on the absorption rate. North Liberty continues to benefit from the homebuyer tax credit as homebuyers race to meet the deadline of April 30 for an accepted offer.
Last week’s real estate market update for North Liberty
Real estate market report for North Liberty February 2010
Weekly Real Estate Market Update Coralville March 15, 2010
245 Active Listings
43 Under Contract
1 Home Sold March 8 – March 13
9.6 Months Absorption Rate (Number of months it takes for the market to “absorb” homes)
Right now the absorption rate in Coralville is not looking good with a high 9.6 months of inventory on the market. Hopefully that changes in the coming months as buyers race to meet the April 30 deadline for an accepted offer for the homebuyer tax credit. On the up side, the number of homes under contract is on the rise and when they close that will impact the absorption rate.
Last week’s real estate market update for Coralville
Coralville real estate market report February 2010
Weekly Real Estate Market Update Iowa City March 15, 2010
606 Active Listings
117 Homes Under Contract
6 Homes Sold March 8 – March 13
8.4 Months Absorption Rate (Number of months it takes the market to “absorb” homes).
The absorption rate is calculated using the number of homes sold. I think it’s safe to say that number is skewed at the moment with so many homes under contract. Once they start closing in bigger numbers we’re likely to see a difference in the absorption rate.
What the large number of homes under contract tells us is that there’s a lot of buyer activity in Iowa City with buyers wanting to take advantage of the homebuyer tax credit before the deadline of April 30. Watch this space. It looks like the coming months are going to be really interesting!
Last week’s real estate market update for Iowa City
Real Estate Market Report for Iowa City February 2010
Weekly Real Estate Market Update Iowa City March 8, 2010
584 Active Listings
101 Homes Under Contract
12 Homes Sold March 1 – March 6
8.0 Months of inventory on the market
An absorption rate of 8 months means Iowa City remains a buyers market for now. The absorption rate takes into account homes sold and not those under contract. And with 101 homes under contract we can see there’s a lot of buyer activity in Iowa City with buyers wanting to take advantage of the homebuyer tax credit before the deadline of April 30, so we will probably see some changes in this trend soon.
If you’re not familiar with the absorption rate, more than 6 months 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 a link to the first post I wrote including the absorption rate with an explanation on how it’s calculated.
Last week’s real estate market update for Iowa City
Real Estate Market Report for Iowa City February 2010
Weekly Real Estate Market Update Coralville March 8, 2010
226 Active Listings
39 Under Contract
6 Home Sold March 1 – March 6
8.8 Months of inventory on the market
An absorption rate of 8.8 months means Coralville remains a buyers market. Coralville does well with move-up buyers and there is a lot of buyer activity right now. The homes sold number is starting to tick upwards, so it looks like those repeat buyers taking advantage of the homebuyer tax credit may soon have a positive impact on the Coralville real estate market.
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 a link to the first post I wrote including the absorption rate and an explanation of how it’s calculated.
Last week’s real estate market update for Coralville
Real Estate Market Report for Coralville February 2010
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
Weekly Real Estate Market Statistics North Liberty February 22, 2010
245 Active Listings
54 Under Contract
7 Homes Sold Feb 15 – Feb 20
5.4 Months of inventory on the market
North Liberty is doing well with an absorption rate of 4.7 months and definitely trending towards a sellers market. With all the activity we have now and buyers out looking to take advantage of the homebuyer tax credit North Liberty is set to do very well in the spring.
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 weekly report
Coralville Real Estate Market Statistics February 22, 2010
197 Active Listings
36 Under Contract
1 Home Sold Feb 15 – Feb 20
7.9 Months of inventory on the market
With an absorption rate of 7.9 months Coralville is definitely still a buyers market. Coralville does well with move-up buyers, so once the weather warms up maybe those repeat buyers looking to take advantage of the homebuyer tax credit will change the face of the Coralville real estate market. For the moment at least Coralville is struggling a bit in comparison to North Liberty and Iowa City.
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 a link to a post I wrote a while back with more detailed info about the absorption rate and how it’s calculated.
Last week’s weekly report
Iowa City Real Estate Market Statistics February 22, 2010
511 Active Listings
96 Under Contract
5 Homes Sold Feb 15 – Feb 20
7.0 Months of inventory on the market
An absorption rate of 7 months means Iowa City remains a buyers market for now. Despite the extremely cold and long winter we’re having there are a lot of buyers out and about wanting to take advantage of the homebuyer tax credit and with 96 homes under contract things are looking promising for the spring market.
If you’re not familiar with the absorption rate, more than 6 months 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 a link to a post I wrote a while back with more detailed info about the absorption rate.
Last week’s weekly market report
Weekly North Liberty Real Estate Market Statistics Feb 15, 2010
224 Active Listings
47 Under Contract
1 Home Sold Feb 8 – Feb 12
4.9 Months of inventory on the market
North Liberty is bucking the trend in the area again with an absorption rate of 4.9 months and definitely trending towards a sellers market. With all the activity we have now and buyers out looking to take advantage of the homebuyer tax credit North Liberty is set to do very well in the spring.
If you’re not familiar with the absorption rate 6 months of inventory of homes on the market is considered neutral and less than 6 months a sellers market. For more info here’s a link to a post I wrote a while back with pretty detailed info about the absorption rate and how it’s calculated.
