What better way to spend a Sunday afternoon than compiling Dubuque Real Estate Stats? Well, I can think of a few things to do otherwise on as nice of a day as Sunday was around here, but in between visits at Sunday’s open houses, I was able to hammer out another set of stats to view what’s been going on in our Dubuque market.
Once again this week, new listings outpaced both closed sales and listings marked as now pending sale. This indicates that available inventory continues to creep upward - not by huge leaps and bounds - but a slow, steady rise in the number of available listings our current group of buyers has to select from.
- New Listings: 32
- Price Changes: 20
- Homes Sold: 13
- Sales Marked Pending: 18
- Expired of Withdrawn Listings: 11
Another interesting note from this week’s analysis below is that the average price of homes sold in the rolling twelve month analysis now shows a 4% drop in average sold prices in the current year versus the last year ($157,870 last year vs. $1521, 534 this year). How could it have dropped so fast from last week’s scant -0.2% drop as reported here a week ago?
Well, it all due to one particular sale. On July 15, 2009, a home in Dubuque sold for $1,465,000. Now that that particular sale has rolled into the previous 12 month cycle, we can’t count it towards current twelve month sales totals, resulting in the 3.8% swing downward for this current year’s average sales price figure. It essentially resulted in a drop of $2,000 towards this year’s average while boosting last year’s figures by roughly the same $2,000. Not to fret, it doesn’t mean the Dubuque real estate market is in a freefall. It simply is a statistical quirk that warranted a little further research…
Dubuque Listings Inventory Analysis
Current Total Listings: 488
Active/Available Listings: 381
Pending Sold Listings: 107 or 21.9% of Current Market
Dubuque Sales Previous 12 Months: 870 or 72.5 Homes Sold per month
Supply of Homes: 5.3 Month Supply Percentage Selling Per Month: 19.0%
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Dubuque Yearly Sales & Averages
Previous 12 Months: 870 Sales – Average Price $151,534 - Days on Market 70
Two Years Ago: 715 Sales – Average Price $157,870 - Days on Market 87
Three Years Ago: 821 Sales – Average Price $148,819 - Days on Market 74
Four Years Ago: 979 Sales – Average Price $145,477- Days on Market 69
Five Years Ago: 1008 Sales – Average Price $147,103 - Days on Market 70
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