33 Homes sold in Iowa City in March to date. The number of homes pending or contingent rose to 122 from 111 last week. Pending or contingent means they are homes that have accepted offers and may still have contingencies on them to fulfill before they close. There are currently 556 active listings homes on the market in Iowa City.
We should expect lots of action in the coming weeks in the Iowa City real estate market. This is the busiest time of the year when it comes to the number of buyers out looking for homes in Iowa City. That’s due to a combination of events. The first is renters whose leases are up. They want to make sure they have somewhere to go and are not homeless in a couple of months.
Then there’s the impact The University of Iowa and The UI Hospitals have on home sales in Iowa City as the biggest employers in the area. There’s a lot of “changing spaces” going on at this time of year. For some it’s the end of their 3 or 4 year stay in Iowa. For others it’s just the beginning. What this means is lots of activity in an already busy spring real estate market in Iowa City.
556 Active Listings
122 Homes Pending or Contingent
33 Homes Sold in Iowa City in March to date: 21 single family homes, 9 condos, 1 detached condo and 2 zero lots
Are you looking for the right Realtor to help you navigate the complexities of the real estate market, all the while looking out for you and your money? Sound advice and guidance is just a phone call, text or email away. Call Denise now at 319-400-0268.
Source for data: Iowa City MLS March 28, 2011