537 Active Listings
60 Under Contract
4 Homes Sold Feb 1 - Feb 6
7.4 Months of inventory on the market
The absorption rate in Iowa City is just over 7 months, so we still have a buyers market. 6 months of inventory of homes on the market is considered neutral and less than 6 months trending to a sellers market. The absorption rate is a great tool for sellers to figure out how the market is trending.
Here's a link to a post I wrote a while back with pretty detailed info about the absorption rate.
Let's Connect and Get To Know Each Other...
Visit my Website: Search for Iowa City Homes for Sale
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
