Weekly Real Estate Market Update Iowa City August 30, 2010 - Number of Homes Sold, Average Price and Days on Market

557 Active Listings
41 Homes Under Contract
3 Homes Sold August 23 - August 28, 2010

Highest number of days on market: 114 days
Lowest number of days on market: 41 days

The Iowa City real estate market is continues to be pretty slow. We still have the winning combination of lots more homes than buyers in the market place + historically low interest rates. In fact they're lower than ever - 4.25% for a 30 year fixed rate loan! As I've said before, beats me why the market isn't a total frenzy with such lucrative times for buyers. If you're still on the fence about buying a home in Iowa City, I know you've heard it before, but this is an astoundingly good time to buy a home. This particular set of conditions won't last forever. If there was ever a time to make your move it would be now!

Are you ready to buy a home in Iowa City? Do you have a real estate related question or a question about the area for me? Just send me an email letting me know how I can help!

Last week's real estate market update for Iowa City

Iowa City Real Estate Market Report July 2010

Iowa City Real Estate Market Report 2nd Quarter: April - June 2010

Originally posted @ ichomesforsale.com