626 Active Listings
100 Homes Under Contract
34 Homes Sold June 21 – June 26, 2010
An average of 243 days on market = 8.0 Months Absorption Rate (Number of months it takes the market to “absorb” homes). This number is staying pretty steady at the moment. We still have a buyers market. It seems likely that the homebuyer tax credit has pulled home sales forward as activity is a little low for the time of the year.
More homes than buyers in the market place + historically low interest rates = Opportunities for Buyers.
If you’ve been thinking about buying a home now is definitely a good time to put that plan into action!
Last week’s real estate market update for Iowa City
Iowa City Real Estate Market Report May 2010
Iowa City Real Estate Market Report 1st Quarter: January – March 2010
