North Liberty Iowa Home Sellers Market Update November 2009
It's coming to the end of the month and almost time for my monthly real estate market report giving a general picture of how the market is trending in North Liberty. We are in a time of transition so I figured it would be a good time to put together a few numbers with home sellers in mind. If you have your home listed right now, or are thinking about listing it, then the idea is to look at the real estate market from your perspective.
45 Homes sold North Liberty November 1 - November 23
That's a 50% increase over last year already, (and we still have a few days left in November). 30 homes sold in North Liberty in November 2008.
39 of the homes sold were priced below $200,000. (A pretty good sign that it's still the first time home buyer that's driving the market in North Liberty).
Average sale price: $150,807
Average Days on Market: 111
Active Listings: 252
Absorption Rate: 4.7 Months (Here's an explanation of how the absorption rate is calculated if you need it).
North Liberty remains a hot tip in the area. In fact with 4.7 months absorption rate, North Liberty is trending towards a sellers market and with the new tax credit for repeat buyers there's a good chance this trend will improve even more in the coming months. That's the good news. Even in North Liberty though sellers can't afford to be complacent. We still have a price driven market place. When you list your home for sale you will do best if you keep that in mind.
There are so many nuances when it comes to selling a home. If you are thinking of selling your home in North Liberty in the near future and would like to talk about your specific situation, please contact me @ 319-400-0268.
Let's Connect and Get To Know Each Other...
Visit my Website and Search for Iowa City Homes for Sale
Or... Subscribe to receive regular market reports, info on schools and community updates by email
Please remember that opinions expressed in my blog are just that - opinions - not fact
For legal or accounting advice please consult with a professional
Although the information provided is deemed reliable, it's not guaranteed
