Waterloo/Cedar Falls Board of Realtors Statistics for August 2009
Posted by Carl Ericson on Wednesday, September 9th, 2009 at 8:28pm.
The Waterloo/Cedar Falls Board of Realtors
released residential sales statistics for August 2009. The following statistics
were compiled by Bob Reisinger, EO, of the Waterloo/Cedar Falls Board of
Realtors.
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AUGUST 2009
RESIDENTIAL SALES STATISTICS
183 Residential sales in 2009 compared to 238
in 2008 - Down 23% in number of sales
Average Sale Price of $130,563 in 2009
compared to $132,852 in 2008 - just off 1%
Median Sale Price of $122,500 in 2009
compared to $118,000 in 2008
347 new Residential Listings in 2009 compared
to 397 average last 4 years
Days on Market (DOM) was 64 in 2009 compared
to 79 in 2008
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My thoughts:
Even though the number of sales are
down, prices are holding very steady and DOM improved over a year ago. The number of listings are also down which,
in my opinion, has probably led to some of the decreased numbers in sales. I will post an absorption rate study soon
showing inventory levels in Waterloo and Cedar Falls and show the price ranges
that are short on listings. Please check
back for the absorption rates.
Thanks
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