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Waterloo Housing Inventory Levels

Posted by Carl Ericson on Tuesday, January 19th, 2010 at 4:40pm.

Below are the inventory levels for housing in Waterloo.  Overall, inventory levels in Waterloo are slightly low, averaging 4.64 months. This means that if no more homes came on the market it would take 4.64 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 IN WATERLOO, IA

  

An Analysis of Single Family Home Sales in Waterloo  (MLS sales only)

  

JANUARY 1, 2009, to DECEMBER 31, 2009

  

Prepared by Don Wood, Broker Associate - Oakridge Realtors

  
               

Price Range

  

Number of Sales*

  

Active Listings**

  

Month's Supply***

  
               

Up to       - $ 39,999

  

119

  

31

  

3.13

  
           

 

  

$  40,000 - $  59,999

  

90

  

50

  

6.67

  
           

 

  

$  60,000 - $  79,999

  

126

  

57

  

5.43

  
           

 

  

$  80,000 - $  99,999

  

158

  

50

  

3.80

  
           

 

  

$100,000 - $119,999

  

128

  

44

  

4.13

  
           

 

  

$120,000 - $139,999

  

94

  

37

  

4.72

  
           

 

  

$140,000 - $159,999

  

49

  

26

  

6.37

  
           

 

  

$160,000 - $179,999

  

38

  

8

  

2.53

  
           

 

  

$180,000 - $199,999

  

24

  

9

  

4.50

  
       

 

  

 

  

$200,000 - $219,999

  

7

  

3

  

5.14

  
       

 

  

 

  

$220,000 - $239,999

  

5

  

3

  

7.20

  
           

 

  

$240,000 - $259,999

  

4

  

3

  

9.00

  
           

 

  

$260,000 - $279,999

  

5

  

4

  

9.60

  
           

 

  

$280,000 - $299,999

  

6

  

2

  

4.00

  
           

 

  

$300,000 - and over

  

9

  

6

  

8.00

  
   

_______________

  

_______________

  

_______________

  

Totals/Average

  

862

  

333

  

4.64

  
               
               
               

* The number of sales reflect properties (single family homes) having closed during the 12

  

  month period between JANUARY 1, 2009, and DECEMBER 31, 2009, as well as those under offer

  on JANUARY 5, 2010, but not yet closed.

          
               

** Active listings include all single family homes listed through the MLS that were available

  

   (not under offer) on JANUARY 5, 2010.

          
               

*** Month's Supply was determined by dividing the number of "Active Listings" by the

  

     quotient of the "Number of Sales" figure divided by the number of months (in this case "12"

     was utilized to reflect JANUARY 1, 2009, through DECEMBER 31, 2009).

  

 

Carl Ericson

Oakridge Realtors

mobile: 319.504.3640

Email me

 

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