I figured I’d kick it up a notch today and throw more data at you about our improving real estate market in Iowa City. I’m pretty sure if I was in the middle of deciding whether or not to jump into this market, either as a buyer or a seller, I’d want a bit more than ambiguous statements about the “market picking up” before I made up my mind. What does that mean exactly? Well, I know of no better way to illustrate what that means than share with you a few graphs that illustrate what exactly has been going on in the Iowa City real estate market this year to date.
This morning I collected data from the Iowa City MLS for home sales in Iowa City from January to August 2011 and compared it to 2010. A couple of things to bear in mind when you’re looking at these graphs is that real estate is seasonal. May, June and July are typically the strongest months of the year for home sales. Looking at home sales this year to date, May, July and August show good strong sales in Iowa City. June was a disappointment, but when you factor in the home buyer tax credit deadline that just happened to be in June last year you can understand the dip.
I’ll add a few links so you can see what’s happening to the average and median price in this market. Keep in mind, even with all this information you’ll still need a Realtor to help you figure out what’s right for you. That goes for buyers and sellers. My stats are more a look at the bigger picture. When it comes to your particular circumstances your best bet is to talk to a professional to help you navigate through the choppy waters of a real estate transaction.
Iowa City Real Estate Market Report August 2011 Compared to August 2010
Iowa City Real Estate Market Report July 2011 Compared to July 2010
Iowa City Real Estate Market Report June 2011 Compared to June 2010
Iowa City Real Estate Market Report May 2011 Compared to May 2010
