215 Active Listings
29 Homes Under Contract
0 Homes Sold August 9 – August 14, 2010
Zero homes sold in North Liberty last week. This is a first for me since starting my weekly reports for the area. It could change in the next day or so as agents enter more information about home sales into the MLS system. If that happens I will update this report.
Despite the lack of closings last week, North Liberty still has the fastest turnover of homes in the area with the best absorption rate. There are 5 months of inventory on the market = 152 days on market.
Having said that, we still have a price driven market so there continue to be great opportunities for buyers, plus the interest rates are at all time lows which means it’s really still a win-win situation for you.
The fact that we have a price driven market means that sellers probably won’t make as much as they would like on the sale of a home. On the up side, the turnover rate for homes is better in North Liberty and it is likely that your home will spend less time on the market than in Iowa City or Coralville. (Depending on the location of course, location is always king). Bear in mind too that buyers are looking for deals. Pricing it right is one part of the equation. Equally important is that it’s in pristine condition. Pricing your home right + seeing to it that it’s the shiny penny on the block will put you well on the way to selling your home quickly.
If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) please call me anytime at 319-400-0268 or click here to send me your contact details.
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.
Last week’s market update for North Liberty
North Liberty real estate market report July 2010
North Liberty real estate market report 2nd Quarter: April – June 2010
