Iowa City Real Estate Market Report 1st Quarter – January – March 2010 compared to January – March 2009
There were 91 homes sold in the first quarter 2010 compared to 88 homes sold in the first quarter 2009.
|Average Price Homes Sold 1st Qtr 2010:||$197,902|
|Highest Price Home Sold:||$945,000|
|Lowest Price Home Sold:||$61,000|
|Average Price Homes Sold 1st Qtr 2009:||$206,797|
|Highest Price Home Sold:||$1.387,500|
|Lowest Price Home Sold:||$36,000|
According to our MLS homes spent 109 days on market compared to 106 days last year. This number is skewed as it doesn’t take into account the fact that some of the homes were re-listed and not new listings. In my weekly reports I use a different method to calculate the absorption rate/days on market and although that is more accurate, it doesn’t take into account the different types of homes or different price ranges. If you’re selling a home both of those factors would play into how many days on market you can expect when you list your home for sale in Iowa City. In other words, as reassuring as it is to see data that shows that the market is holding up, when it comes to selling your home in Iowa City you need much more specific data about your house and your neighborhood.
For a complete list of homes for sale in Iowa City please call or click here to request an update.
If you’re interested in selling your home for the best price in the shortest time please call me anytime at 319-400-0268 or click here to send me an email with your contact details.