An escalator can never break: it can only become stairs. You should never see an Escalator Temporarily Out Of Order sign, just Escalator Temporarily Stairs. Sorry for the convenience.
Time for a timely update on Dubuque’s real estate stats! The Dubuque market is making it’s annual climb back out of our usual winter lull in activity. Inventory is certainly down, this time standing at a minimal 4.5 month supply of homes. In fact, immediately following the start of the new year, the Dubuque market was down to a paltry 4.3 month supply of homes. However, as is with most years, the number of new listings starts to climb back to a more normalized level, likely peaking somewhere in the April – May – June time frame.
Perhaps 2010 will present a slightly accelerated rate of listings arriving to the market. Sellers should be aware that the still-in-effect home buyer tax credit will expire later this spring. Buyers wanting to take advantage of the credit will need to have the home they want under contract April 30th (and close sale by June 30th). If you’re a seller, waiting until May or June to list into the MLS, you may want to re-think your position and/or timing of the market.
Dubuque Listings Inventory Analysis
Current Total Listings: 366 ( – 21 )
Active/Available Listings: 294 ( – 16 )
Pending Sold Listings: 72 ( – 5 ) or 19.7 % of Current Market ( – 0.2% )
Dubuque Sales Previous 12 Months: 785 ( + 11 ) or 65.4 Homes Sold per month ( + 0.9 )
Supply of Homes: 4.5 Month Supply ( – 0.3 )
Percentage Selling Per Month: 22.3% ( + 1.5% )
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Dubuque Year to Date Sales & Averages
2009 YTD: 785 Sales – Average Price $155,806 ( + 5.3% ) – Mean Sales Price $138,500
2008 YTD: 720 Sales – Average Price $148,011 ( – 2.2% ) – Mean Sales Price $130,000
2007 YTD: 927 Sales – Average Price $1510,334 ( + 3.9% ) – Mean Sales Price $129,500
2006 YTD: 1022 Sales – Average Price $145,704 ( + 4.3% ) – Mean Sales Price $125,000
2005 YTD: 927 Sales – Average Price $139,745 ( + 10.0% ) – Mean Sales Price $121,500
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