Cedar Falls Housing Inventory Levels
Posted by Carl Ericson on Tuesday, January 19th, 2010 at 4:34pm.
Below
are the inventory levels for housing in Cedar Falls. Overall, inventory levels in Cedar Falls are
low, averaging 3.23 months. What this means is that if no more homes came on
the market it would take 3.23 months to get rid of the entire current housing inventory
on the market based on the number of sales from the past year (January 1,
2009-December 31, 2009). A market that does not favor buyers or sellers
normally has a inventory level of 6-7 months.
Inventory
levels are one key feature to look at when listing and pricing your home. It can help you determine how many homes your
house will be competing with when it is on the market. While it is good to look at the overall
supply of houses it is also good to narrow your price range down and look at a
more specific range to help you determine your competition. Inventory levels can also be important as a
buyer. If you are looking in a price
range with a large or very small inventory level your offer and negotiating
strategy may change significantly.
If
you are interested more in these levels and how they can help you in listing
your home or buying a home please contact me and I
would be glad to discuss them with you further.
Many
thanks to Don Wood with Oakridge Realtors for compiling these statistics. Please see the notes below on how the
information on sales and active listings were compiled.
Thanks,
Carl
|
HOUSING ABSORPTION RATE FOR CEDAR FALLS,
IOWA |
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An Analysis of Single Family Home Sales in
Cedar Falls (MLS sales only) |
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JANUARY 1, 2009 to DECEMBER 31, 2009 |
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Prepared by Don Wood, Broker Associate -
Oakridge Realtors |
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Price
Range |
|
Number of Sales* |
|
Active Listings** |
|
Month's Supply*** |
|
|
|
|
|
|
|
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Up
to - $ 79,999 |
|
18 |
|
6 |
|
4.00 |
|
|
|
|
|
|
|
|
|
$
80,000 - $ 99,999 |
|
25 |
|
3 |
|
1.44 |
|
|
|
|
|
|
|
|
|
$100,000
- $119,999 |
|
51 |
|
13 |
|
3.06 |
|
|
|
|
|
|
|
|
|
$120,000
- $139,999 |
|
65 |
|
15 |
|
2.77 |
|
|
|
|
|
|
|
|
|
$140,000
- $159,999 |
|
60 |
|
12 |
|
2.40 |
|
|
|
|
|
|
|
|
|
$160,000
- $179,999 |
|
49 |
|
8 |
|
1.96 |
|
|
|
|
|
|
|
|
|
$180,000
- $199,999 |
|
24 |
|
3 |
|
1.50 |
|
|
|
|
|
|
|
|
|
$200,000
- $219,999 |
|
18 |
|
5 |
|
3.33 |
|
|
|
|
|
|
|
|
|
$220,000
- $239,999 |
|
33 |
|
7 |
|
2.55 |
|
|
|
|
|
|
|
|
|
$240,000
- $259,999 |
|
22 |
|
10 |
|
5.45 |
|
|
|
|
|
|
|
|
|
$260,000
- $279,999 |
|
30 |
|
5 |
|
2.00 |
|
|
|
|
|
|
|
|
|
$280,000
- $299,999 |
|
17 |
|
9 |
|
6.35 |
|
|
|
|
|
|
|
|
|
$300,000
- $319,999 |
|
12 |
|
6 |
|
6.00 |
|
|
|
|
|
|
|
|
|
$320,000
- $339,999 |
|
13 |
|
3 |
|
2.77 |
|
|
|
|
|
|
|
|
|
$340,000
- $359,999 |
|
9 |
|
3 |
|
4.00 |
|
|
|
|
|
|
|
|
|
$360,000
- $379,999 |
|
9 |
|
3 |
|
4.00 |
|
|
|
|
|
|
|
|
|
$380,000
- $399,999 |
|
7 |
|
5 |
|
8.57 |
|
|
|
|
|
|
|
|
|
$400.000
- $419,999 |
|
6 |
|
1 |
|
2.00 |
|
|
|
|
|
|
|
|
|
$420,000
- $439,999 |
|
3 |
|
3 |
|
12.00 |
|
|
|
|
|
|
|
|
|
$440,000
- $459,999 |
|
2 |
|
3 |
|
18.00 |
|
|
|
|
|
|
|
|
|
$460,000
- $479,999 |
|
3 |
|
2 |
|
8.00 |
|
|
|
|
|
|
|
|
|
$480,000
- $499,999 |
|
2 |
|
1 |
|
6.00 |
|
|
|
|
|
|
|
|
|
$500,000
- and over |
|
13 |
|
6 |
|
5.54 |
|
|
|
_______________ |
|
_______________ |
|
______________ |
|
Totals/Average |
|
491 |
|
132 |
|
3.23 |
|
* The number of sales reflect
properties (single family homes) having closed during the 12 |
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|
month period between JANUARY 1, 2009, and DECEMBER 31, 2009, as well
as those under offer |
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on JANUARY 5, 2010, but not yet closed. |
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** Active listings include all
single family homes listed through the MLS that were available |
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(not under offer) on JANUARY 5, 2010. |
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*** Month's Supply was determined
by dividing the number of "Active Listings" by the |
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quotient of the "Number of
Sales" figure divided by the number of months (in this case
"12" |
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|
was utilized to reflect JANUARY 1, 2009,
through DECEMBER 31, 2009). |
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