With one day of the month left, home sales are about even in North Liberty compared to last year. 92 Homes Sold in North Liberty July 2015 compared to 94 homes sold in July 2014. That number is sure to go up tomorrow, especially with Friday being a favorite day for closings. It’s been a very strong year for home sales in North Liberty this year so far. Home sales continue strong in July, although based on the contract to listing ratio it looks like the North Liberty real estate market slowed down this month with less homes under contract waiting to close in the coming weeks. Real estate is seasonal and it is vacation time, so that’s not really too surprising.
Market Snapshot North Liberty July 30, 2015
Sellers are always interested to know how long it takes for their homes in North Liberty to sell and buyers like to know too as a long market time may give buyers more leverage in the negotiating process. This month it’s interesting to see that 61% of homes sold under 60 days. And yet 28% took more than 90 days to sell. The fact is, that even in a hot market like North Liberty some homes take longer to sell. There are lots of variables in real estate, that’s why it’s always a better idea to work with a good real estate agent than to try and go it alone in a real estate transaction. We’re thinking about real estate every day and it’s this experience that will help you make the best decisions when you’re buying or selling a home.
Number of Homes Sold / Days on Market in North Liberty
Looking at the number of homes sold is a good indication of what buyers were doing 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. The more homes there are under contract, the more buyers there are out and about actively writing contracts. That number is not great in North Liberty this month. 30% of the homes in North Liberty currently listed on the MLS are under contract. That’s in comparison to 46% last month. This isn’t the best news for sellers who have their homes currently listed, but for buyers that’s a good thing. There’s a better chance now that homes will be on the market a little longer and not snapped up before they even get a chance to see them!
Contract to Listing Ratio North Liberty July 30, 2015
Are you looking for the right Realtor to help you navigate the complexities of the North Liberty 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.
Data provided via the Iowa City MLS July 30, 2015