22 homes sold in North Liberty in March 2011 compared to 29 in March 2010. There are 85 homes listed as pending or contingent. Homes showing as pending or contingent have accepted offers that still have contingencies on them to fulfill before they close. 306 homes in North Liberty are currently showing as active listings.
Despite lots of activity the trend is still favored towards buyers with an absorption rate of 7.9 months, that’s an average of 238 days on market. That’s better than Iowa City or Coralville and definitely trending in the right direction. We still have a lot of homes on the market in North Liberty. It will take a while to turn over that inventory and make the transition to a more balanced market.
The average price for a single family home in North Liberty in March 2011 was $256,736 compared to $206,519 in 2010. The average price for condos in North Liberty was $140,675 in March 2011 compared to $117,658 in March 2010. The average price for zero lots is also up from last year. $173,430 in March 2011, compared to $164,975 in March 2010
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 Area MLS April 18, 2011