Posts from October 2016
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 12 Posts
- 2025 | 47 Posts
- 2024 | 39 Posts
- 2023 | 35 Posts
- 2022 | 58 Posts
- 2021 | 13 Posts
- 2020 | 25 Posts
- 2019 | 11 Posts
- 2018 | 1 Posts
- 2017 | 42 Posts
- 2016 | 66 Posts
- 2015 | 24 Posts
- 2014 | 64 Posts
- 2013 | 44 Posts
- 2012 | 38 Posts
- 2011 | 79 Posts
- 2010 | 38 Posts
- 2009 | 35 Posts
- 2008 | 1 Posts
6
How Supply & Demand Impacts the Real Estate Market
The concept of supply and demand has been reiterated to you for years: The best time to sell something is when supply of that item is low and demand of that item is high. This guarantees that the price for that item increases as supply lowers. This is exactly what is happening in today's real estate market! In our markets, 4-6 months of inventory is considered a balanced market. 0-3 months is a seller's market, and 7 or more months is a buyer's market. However, this also varies by price range, with stronger demand generally in the lower price ranges and weaker demand in the upper price ranges. Nationally, there has not been a 6-month supply of inventory since August of 2012. Below are the last 12 months supply of inventory. Also nationally, fewer than 6 months of inventory is considered a seller's marker, so prices will appreciate. 6-7 months of inventory is considered a neutral market, and pric...
4
Land Values Decrease in Iowa
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average decrease of 3.7% in cropland values from the March 2016 to September 2016 time period. Combining this decrease with the 5% decrease reported in March 2015 indicates a statewide average decrease of 8.6% for the year from September 1, 2015 to September 1, 2016. This is the exact predicted decrease from what was reported in March. In our east central district, high quality cropland is selling at $9,524 per acre. Timber is selling at $2,116 per acre. All nine Iowa crop reporting districts showed a decrease in value from September 2015 to September 2016. Our east central district posted a 4.3% decrease, less than the state average. The largest decrease was a 5.8% decrease in southwest Iowa. "There is a decrease in land values across the state but it isn't...
