392 homes sold in Iowa City in the 2nd quarter 2010 compared to 313 homes sold in the 2nd Qtr 2009 – That’s a 25% increase. The most interesting trend is that condos are making a comeback with a 62% increase over last year. That is excellent news, as we have a lot of those in the Iowa City area!
|Average Price Homes Sold April – June 2010||$188,004|
|Highest Price Home Sold:||$675,000|
|Lowest Price Home Sold:||$67,680|
|Average Price Homes Sold April – June 2009||$203,351|
|Highest Price Home Sold:||$665,000|
|Lowest Price Home Sold:||$72,900|
I don’t use the days on market calculated by the MLS. I use a simple method to calculate the absorption rate/days on market that doesn’t manipulate the data. According to that calculation we have 7.7 months of inventory on the market, that’s 232 days on market. I should add that this calculation does not take into account the different types of homes, location or different price ranges, so it’s not a huge help to you if you’re selling your home. If you’re selling a home in Iowa City you need to look a home sales specific to your house and your neighborhood.
For a complete list of homes for sale in Iowa City just send me an email letting me know what you’re looking for and I’ll send you a complete list of homes meeting your criteria directly from the Iowa City MLS.
If you’re interested in selling your home in Iowa City for the best price in the shortest time please call me at 319-400-0268