Just how hot is the real estate market in North Liberty? The mid year numbers tell a telling tale and the chart below shows it. Home Sales in North Liberty are down by 21%. That right there tells you that there were just too few houses for the many buyers out and about this spring who wanted to close on a home before June 30. On top of that the inventory of homes on the market in North Liberty is still VERY low with almost as many homes under contract as showing as active on the Iowa City MLS. The contract to listing ratio for homes in North Liberty is at 47% – That means 47% of the homes listed on the MLS in North Liberty have accepted offers and that’s still a phenomenally busy market for vacation time!
Unsurprisingly, the time houses spend on the market in North Liberty is down again at a low 2.6 months absorption rate, (79 days on market). Home prices up in North Liberty, days on market down – It’s a puzzle to me that sellers seem to be the last ones to know that it’s a good time to list their homes and are holding back. Lots of buyers out and about and a lack of homes for them to buy – How different things are to just a few years ago!
Do you have a house or condo to sell in North Liberty? I’m a straight talking Realtor who knows the ins and outs of the North Liberty real estate market and knows how to get your home sold. Even in a hot market homes don’t sell themselves – A good agent will be what makes the difference between a home selling quickly and it languishing on the market.
Looking to buy a home in North Liberty? 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 North Liberty.