Weekly Market Update North Liberty July 5, 2010

214 Active Listings
50 Homes Under Contract
25 Homes Sold June 28 – July 5, 2010

An average of 132 days on market = 4.3 Months Absorption Rate (Number of months it takes for the market to “absorb” homes). North Liberty has the strongest numbers in the area and continues to do better than Coralville or Iowa City when it comes to how long inventory stays on the market. 4.3 months is definitely trending towards a sellers market. In a price driven market North Liberty is certainly attracting the “value shopper.” It will be interesting to see how this develops in the coming months now that the homebuyer tax credit has expired.

For a complete list of homes for sale in North Liberty just send me an email letting me know what you’re looking for and I’ll send you a list of homes fitting your criteria.

If you need to sell your home and would like some advice on how to sell it 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.

How the absorption rate is calculated

Last week’s market update for North Liberty

North Liberty real estate market report May 2010

North Liberty real estate market report 1st Quarter: January – March 2010

Weekly Market Update North Liberty June 14, 2010

229 Active Listings
86 Homes Under Contract
15 Homes Sold June 7 – June 12

An average of 144 days on market = 4.7 Months Absorption Rate (Number of months it takes for the market to “absorb” homes). North Liberty continues to have the strongest numbers in the area dropping again slightly this week and trending more and more towards a sellers market.


How the absorption rate is calculated

Last week’s market update for North Liberty

North Liberty real estate market report April 2010

North Liberty real estate market report 1st Quarter: January – March 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