The monthly snapshot of the North Liberty real estate market looks at some of the leading indicators of the real estate market as a gauge for how the market in North Liberty is trending.
17 Homes Sold in North Liberty this month so far compared to 10 homes sold in January 2014. That’s a 70% increase in home sales in North Liberty compared to January 2014 with a few days of the month to increase on that number.
Homes Sold in North Liberty January 1 – January 27, 2015
Sellers are always interested to know how long it takes for their homes in North Liberty to sell. This month shows very clearly that the market time for homes in North Liberty is low with the 13 of the 17 homes sold in under 60 days and only 4 homes took more than 90 days to sell. If you are sitting on a house that’s not selling in North Liberty, it’s always good to reevaluate the situation every 30 days, just to make sure you’re still positioned where you need to be to get an offer.
Days On Market for Homes Sold in North Liberty January 2015
Looking at home sales tells us what’s been going on in the market in the last couple of months. To get a feel for what’s going on in “real time” it’s a good idea to look at the contract to listing ratio. If we look at how many homes are under contract in North Liberty compared to how many homes are active listings waiting for the right buyer, then we can gauge how active the market is. The more homes there are under contract, the more buyers there are out and about actively writing contracts.
Market Activity in “Real Time” in North Liberty January 2015
Do you have a house or condo to sell in North Liberty? As you can see from the contract to listing ratio above, there are buyers are out and about making offers. If you have a house to sell, now is a very good time to list it. Lots of buyer activity and a shortage of homes on the market makes for opportunities for savvy sellers.
Give Denise a call at 319-400-0268 for personal, effective real estate services with a hi-tech advantage. A successful real estate transaction has nothing to do with chance or luck – Every SOLD Sign starts with a plan! Hire an agent who is completely committed to the success of your real estate transaction. Call today to get started on getting that SOLD Sign in your yard!
Looking to buy a home in North Liberty? At Cardinal Realty we believe both buyers and sellers deserve personal representation and make it a rule never to represent both in the same transaction.
Whether you’re buying or selling a home the agent you work with WILL make a difference. (You might even be surprised just how much!) Work with an agent committed to putting in the time and effort needed to make yours a smooth and easy move. Call Denise at 319-400-0268 for help selling your home or buying your next home in North Liberty.
Data provided via the Iowa City MLS January 27, 2015