March 22, 2010
611 Active Listings 144 Homes Under Contract 5 Homes Sold March 15 – March 20 8.4 Absorption Rate (Number of months it takes the market to “absorb” homes). The same as last week I think it’s safe to say that the absorption rate is skewed at the moment with so many homes under contract. Once [...]
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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 [...]
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