Quad City Real Estate Quick Facts
Sellers are taking a more cautious approach to entering the housing market, even as buyers are returning in force due to near-record low interest rates. As the country continues to reopen, seller activity is likely to continue to improve however, continued concerns around COVID-19 may keep some reluctant sellers on the sidelines for now. For the 12-month period spanning June 2019 through May 2020, Closed Sales in the Quad City region were up 2.4 percent overall. The price range with the largest gain in sales was the $500,001 and Above range, where they increased 19.6 percent.
The overall Median Sales Price was up 2.1 percent to $139,900. The property type with the largest price gain was the Single-Family Attached segment, where prices increased 9.6 percent to $162,000. The price range that tended to sell the quickest was the $175,001 to $225,000 range at 37 days; the price range that tended to sell the slowest was the $400,001 to $500,000 range at 65 days.
Market-wide, inventory levels were down 26.4 percent. The property type that lost the least inventory was the Single-Family Attached segment, where it decreased 19.7 percent. That amounts to 2.5 months supply for Single-Family Detached homes and 3.2 months supply for Single-Family Attached properties.
For all your real estate needs, call Dick Carr eXp Realty, LLC 563-579-3939. www.DickCarrAgent.com