So, how’s it going so far this year for sales? I only ask because I keep hearing about a tough sales market in real estate, and since I’m a real estate broker, it matters to me how the market is. And, it’s not just a professional interest, this is how I make my livelyhood!
Well, I looked up home sales in our market for the last 5 years and they are 2408 sales in 2003, 2471 in 2004, 2644 in 2005 and 2635 in 2006.
We have 2214 active listings right now, and so far we have 557 closed sales and 228 more under contract. That sounds like an active market to me, and not much different from past years that were considered “busy” markets.
I can only conclude that the real estate market in the Iowa City area is health, active and about like it has been for years: very good!