Weekly market update for North Liberty, Iowa. Includes homes sold, homes under contract and active listings.   245 Active Listings143 Under Contract10 Homes Sold April 19 - April 26, 20105.3 Months Absorption Rate (Number of months it takes for the market to "absorb" homes).How the absorption rate is calculatedLast week's market report for North LibertyReal estate market report for North Liberty March 2010 04/26/2010

Weekly real estate market update for North Liberty Iowa. Includes homes sold, homes under contract and active listings.       252 Active Listings132 Under Contract7 Homes Sold April 5 - April 10, 20105.5 Months Absorption Rate (Number of months it takes for the market to "absorb" homes).How the absorption rate is calculatedLast week's market report for North LibertyReal estate market report for North Liberty March 2010 04/19/2010

  262 Active Listings117 Under Contract14 Homes Sold April 5 - April 10, 20105.8  Months Absorption Rate (Number of months it takes for the market to "absorb" homes).31% of the current inventory of homes on the market is under offer in North Liberty - That pie is looking really good right now! The absorption rate is the best in the area and likely to go down even more in the coming months. North Liberty continues to be popular with lots of new construction homes at good prices. It will be interesting to see what impact it has on the area when the home buyer tax credit expires. Last week's real estate market update for North LibertyHow the absorption rate is calculatedReal estate market report for North Liberty March 2010 04/12/2010

Weekly real estate market update for North Liberty Iowa. Includes homes sold, homes under contract and active listings.   266 Active Listings119 Under Contract5 Homes Sold March 29 - April 3, 20105.9  Months Absorption Rate (Number of months it takes for the market to "absorb" homes).The absorption rate is down just below 6 months again this week, making North Liberty a balanced market. The pie's looking great too as the number of homes under contract continues to rise as buyers race to take advantage of the homebuyer tax credit. It's going to be a busy month in North Liberty for sure!Last week's real estate market update for North LibertyHow the absorption rate is calculatedReal estate market report for North Liberty March 2010 04/05/2010

North Liberty Real Estate Market Report March 2010 It's the beginning of the month and time for a first look at home sales for March in the North Liberty area. Similar to last month, home sales in March are down slightly again compared to last year in the North Liberty area.     31 homes sold in March 2010 in comparison to 33 in March 2009.* North Liberty is one of the fastest growing towns in Iowa and home sales are strong in the area, so this is a bit of a surprise. From my weekly market updates you'll also see there are a growing number of homes under contract, so right now I'm going to assume that once they close this perceived drop in home sales of the last couple of months will correct itself.The median price of homes sold in March is down 6% ti $147,000 compared to $157,000 in Ma... 04/03/2010

Weekly real estate market update for North Liberty March 29, 2010. Includes homes sold, homes under contract and active listings       316 Active Listings103 Under Contract3 Homes Sold March 22 - March 27, 20106.8 Months Absorption Rate (Number of months it takes for the market to "absorb" homes).The absorption rate in North Liberty jumped to 6.8 months this week. In all likelihood this number is skewed and will change when the 103 homes under contract start to close. 14 more homes went under offer last week as home buyers race to take advantage of the homebuyer tax credit and meet the deadline of April 30 for an accepted offer. Last week's real estate market update for North LibertyHow the absorption rate is calculatedReal estate market report for North Liberty February 2010 03/29/2010

Weekly real estate market update North Liberty Iowa: Homes Sold, Under Contract & Active Listings     273 Active Listings89 Under Contract4 Homes Sold March 15 - March 21, 20105.9 Months Absorption Rate (Number of months it takes for the market to "absorb" homes).The absorption rate in North Liberty is 5.9 months, a little higher than last week. This is likely to change when the large number of homes under contract start to close. This is one time where the pie graph is really helping to show that almost a quarter of the the current inventory is under contract. (24.5% to be precise). North Liberty continues to benefit from the homebuyer tax credit as homebuyers race to meet the deadline of April 30 for an accepted offer.   Last week's real estate market update for North LibertyReal esta... 03/22/2010

    257 Active Listings76 Under Contract2 Homes Sold March 8 - March 13, 20105.6 Months Absorption Rate (Number of months it takes for the market to "absorb" homes). The absorption rate in North Liberty is 5.6 months and still trending towards a sellers market.  North Liberty continues to benefit from the homebuyer tax credit as homebuyers race to meet the deadline of April 30 for an accepted offer. The large number of homes under contract is an indicator that once they start closing in bigger numbers it's likely to have a positive impact on the absorption rate. Last week's real estate market update for North LibertyReal estate market report for North Liberty February 2010 03/15/2010

      244 Active Listings 66 Under Contract 0 Homes Sold February 21 - February 27, 2010 5.4 Months of inventory on the market The absorption rate for North Liberty is still good at 5.4 months and trending towards a sellers market. Although no homes sold last week there are 12 more homes under contract - A good sign that buyers are out taking advantage of the homebuyer tax credit before the deadline of April 30. If you're not familiar with the absorption rate, more than 6 months of inventory of homes on the market is a buyers market, 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here's the first post I wrote where I included the absorption rate with an explanation of how it's calculated. Last week's real estate market update ... 03/01/2010

Weekly Real Estate Market Update for North Liberty February 22, 2010: Homes Sold, Under Contract & Active Listings       245 Active Listings54 Under Contract7 Homes Sold Feb 15 - Feb 204.7 Months of inventory on the marketNorth Liberty is doing well with an absorption rate of 4.7 months and definitely trending towards a sellers market. With all the activity we have now and buyers out looking to take advantage of the homebuyer tax credit North Liberty is set to do very well in the spring.  If you're not familiar with the absorption rate, more than 6 months of inventory of homes on the market is a buyers market, 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here's the first post I wrote where I included the absorption rate with... 02/22/2010

Weekly Market Update for North Liberty February 15, 2010: Homes Sold, Under Contract & Active Listings   224 Active Listings47 Under Contract1 Home Sold Feb 8 - Feb 124.9 Months of inventory on the marketThe absorption rate in North Liberty is now at 4.9%, pretty good news for sellers as it means North Liberty is starting to trend towards a sellers market. 6 months of inventory of homes on the market is considered neutral and more than 6 months a buyers market. With all the activity we have in the area at the moment with homebuyers out to take advantage of the homebuyer tax credit North Liberty looks set for a really good spring. Here's a link to a post I wrote a while back with pretty detailed info about the absorption rate. 02/15/2010

    271 Active Listings39 Under Contract5 Homes Sold Feb 1 - Feb 65.2 Months of inventory on the marketThe absorption rate in North Liberty is just over 5 months, pretty good news for sellers as it means North Liberty is starting to trend towards a sellers market. 6 months of inventory of homes on the market is considered neutral and more than 6 months a buyers market. North Liberty has a good year in 2009 and looks set you continue on the same track in 2010. Here's a link to a post I wrote a while back with pretty detailed info about the absorption rate. 02/08/2010

North Liberty Real Estate Market Report January 2010 It's the beginning of the month and time for a first look at homes sold in the North Liberty area in January. Homes sold in North Liberty are up by 11% compared to last year. 20 homes sold in January 2010 in comparison to 18 in January 2009. Considering you really need to be motivated to buy a house in a very hard and bitterly cold winter in Iowa this is definitely good news. The average price of homes sold in January was also up slightly at $154,752 compared to $144,130 in January 2009. That's an increase of 7%. With an average of 80 days on the market. North Liberty benefited greatly from the first time homebuyer tax credit all through last year and January continues in that trend. It will be interesting to see what effect  the expa... 02/04/2010

North Liberty Real Estate Market Report December 2009 As we kick off a new year I have lots of data to share with you in my monthly report on what's going on in the real estate market in North Liberty Iowa.  I'll start with a year over year comparison of the monthly and quarterly numbers of homes sold in North Liberty for the period ending December 31, 2009. Followed by a year over year comparison of annual home sales in North Liberty for 2009. Homes Sold in North Liberty December 2009 Compared to December 200817 homes sold in North Liberty in December 2009 compared to 30 homes sold in 2008. Median price: $259,000 compared to $181,450 in 2008. Average days on market: 145 compared to 121 in December 2008.   Homes Sold in North Liberty in the 4th Quarter - October - December 2009110 homes... 01/05/2010

North Liberty IA Real Estate Market Report November 2009 It's the beginning of the month and time for my North Liberty real estate market report for November.  The number of homes sold in North Liberty in November was up 77% with 53 homes sold in November 2009 in comparison to 30 in November 2008. Can't beat numbers like that. Of course we had the first time homebuyer tax credit that was due to expire on November 30 and that probably contributed to the large increase in year over year sales. Having said that, North Liberty has profited big time from the first time homebuyer credit anyway with strong home sales almost consistently throughout the year. The average price of homes sold in November was $149,257 with an average of 113 days on market. The average price is down by 20% from last... 12/04/2009

North Liberty Iowa Home Sellers Market Update November 2009It'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 23That'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 ... 11/24/2009

North Liberty Iowa Real Estate Market Report October 2009 After posting my monthly reports for the Iowa City and Coralville real estate market it's time to take a first look at the North Liberty real estate market. Looks like I saved the best till last...39 homes sold in North Liberty in October 2009 compared to 29 in October 2008. That's an increase of 34%. The median price of homes sold in October was $142,900, which is down by 20%  compared to last year. Homes also spent less time on the market than last year with an average of 81 days on market.  Check out my market report for September and you'll see that the trend for North Liberty has been pretty consistent throughout the year. Looking at the year to date, the number of homes sold in North Liberty is up by 14%, while prices are d... 11/02/2009

North Liberty Real Estate: Knowing the absorption rate helps us figure out trends in the market based on supply and demand.After posting my quarterly report at the beginning of the month I decided more information is better... My two previous posts covered the absorption rate for homes sold in Iowa City and Coralville. Today North Liberty is under scrutiny. If you've never heard the term absorption rate, let me just clarify that it is a mathematical calculation to help project how long it is likely to take for a home to sell in any given area. Why should you care about the absorption rate? It will probably help you when it comes to making a buying or selling decision down the road. The absorption rate will give you clues on whether North Liberty is currently a buyers market, a sellers m... 10/22/2009

North Liberty Iowa Real Estate Market Report September 2009 including home sales in the  3rd QuarterThis month I thought I'd change the format of my monthly real estate market updates and do one for each of my areas. This one is for North Liberty. Here are the links to the market statistics for Iowa City and Coralville.I'll start with a year to year comparison for the month of September. 44 homes sold in the North Liberty area in September 2009 in comparison to 33 in September 2008. Because of the cyclical nature of real estate it's always better to compare to the previous year, rather than to the previous month.The median price was $133,700 compared to $159,000 in September 2008.The average days on market were 95 in 2009 compared to 105 days on market in September 2008.Now since Septem... 10/04/2009

RD Loans - 100%  Financing Available in North Liberty IowaThought I'd take the time today to pass on an "insider secret" for any of you thinking of buying a home in North Liberty Iowa.There is a 100% Financing option on a 30 year fixed home loan with a Guaranteed Rural Development Home Loan. The RD Loan, also known as USDA Loan is a government backed loan offered by the Department of Agriculture. It's all about promoting housing in rural communities...Now if you live around here you might be surprised to learn that North Liberty counts as a rural community. The USDA defines a rural community as having a population of less than 20,000. North Liberty is growing fast, but they don't have a population of 20,000 yet - that makes them eligible, at least for now.This is probably a good time to... 09/09/2009