Today I’m taking a well overdue look at the real estate market in Tiffin. Home sales are down in Tiffin for the year so far. 43 homes sold January through August this year compared to 52 in the same time frame in 2013. That’s very much in line with the rest of the Iowa City area and especially North Liberty. In North Liberty buyers have struggled to find homes to buy at some price points with a low inventory of homes on the market. Tiffin is much smaller and not too many homes sell in any given month so it’s difficult to know if that’s true in Tiffin. It is nonetheless interesting to see Tiffin trending the same way. It’s also interesting to see home prices up.
In this market report for Tiffin I also broke down the days on market differently than I have in the past. Sellers hear a lot in the media about the “hot” market and I often get asked how quickly homes sell in a hot market. The fact is that even in a hot market not all homes fly off the shelves as you can see in the breakdown of the days on market in the chart below. What jumps out is that the number of homes that sold under 30 days is similar to the number of homes that sold in more than 90 days. This info might help sellers manage expectations and not get stressed out if their house doesn’t sell as quickly as they’d like. A hot market is not a hot market for everyone, often times patience is required to sell a house.
Do you have a house or condo to sell in Tiffin? I’m a straight talking Realtor who keeps on top of the market and knows what it takes to sell your home. Even in a hot market homes don’t sell themselves. There are many factors that contribute to a home selling quickly or languishing on the market and a good agent is one of them!
Looking to buy a home in Tiffin? At Cardinal Realty we represent both buyers and sellers, (just preferably not in the same transaction). Whether you’re buying or selling a home the agent you work with WILL make a difference. (You might even be surprised just how much!) Work with an agent committed to putting in the time and effort needed to make yours a smooth and easy move. Call Denise at 319-400-0268 for help selling your home or buying your next home in Tiffin.