563 Active Listings
38 Homes Under Contract
9 Homes Sold August 16 – August 21, 2010
| 5 Single family homes sold | Avg Price: $164,780 |
| 4 Condos sold | Avg Price: $180,488 |
Highest number of days on market: 140 days
Lowest number of days on market: 36 days
The Iowa City real estate market is continues to be pretty slow. We still have the winning combination of more homes than buyers in the market place + historically low interest rates. In fact they’re lower than ever – 4.25% for a 30 year fixed rate loan! Beats me why the market isn’t a total frenzy with such lucrative times for buyers. I guess we just wait and see what Fall brings. If you’re still on the fence about buying a home in Iowa City, I know you’ve heard it before, but this is an astoundingly good time to buy a home. This particular set of conditions won’t last forever. If there was ever a time to get into the game it is now!
Are you ready to buy a home in Iowa City? Do you have a real estate related question or a question about the area for me? Just send me an email letting me know how I can help.
Last week’s real estate market update for Iowa City
Iowa City Real Estate Market Report July 2010
Iowa City Real Estate Market Report 2nd Quarter: April – June 2010
