557 Active Listings
41 Homes Under Contract
3 Homes Sold August 23 – August 28, 2010
| 2 Single family homes sold | Avg Price: $216,250 |
| 1 Condo sold | Price: $136,500 |
Highest number of days on market: 114 days
Lowest number of days on market: 41 days
The Iowa City real estate market is continues to be pretty slow. We still have the winning combination of lots 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! I’m going to say it again, beats me why the market isn’t a total frenzy with such lucrative times for buyers. 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 make your move it would be 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
