The graph below shows home sales and prices in Iowa City January through September 2011. 635 homes sold in Iowa City January through September 2011. 658 homes sold in the same time period in 2010. That puts home sales down for the year by 3% compared to January through September 2010. If you consider that from January through June home sales were down by 23% you can see that we made some serious headway in the last quarter to only be down by 3% just three months later. Of course we need to wait and see what the next quarter brings before we get too excited, but right now it does look like we may have turned the corner to better times in the Iowa City Real Estate Market.
Source for data: Iowa City MLS October 20, 2011
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