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Regional Residential Real Estate Activity Chart

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Quad Cities at Lowest Housing Inventory since 2000 The Quad Cities inventory of homes for sale is at a 13-year low with 1,636 properties listed for sale. Inventory has been declining steadily over the past few years as the market has picked up and investors began a buying spree before prices went up. There is uneven demand based on price ranges and neighborhoods. There are still some great bargains in the upper price ranges where demand isn’t as strong. For example, for homes priced at $500,000 and above, there are 20 months of inventory and the absorption rate is 6.7 homes per month.

The Iowa Quad Cities currently has fewer properties listed for sale than in 2000. As of June 20, 2013 there were 743 properties listed for sale, compared to 700 in summer 2000. The Illinois Quad Cities is at an 8-year low for inventory. There are 893 properties for sale compared to the prior lowest year of 2005 when there were 885 listings. The best way for prospective buyers and sellers to ascertain the demand in a particular neighborhood is to have a Realtor® show the absorption rate or months of inventory in that neighborhood.

Mid-Year Comparison of Quad Cities Real Estate Activity 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000

IA 1,140 977 901 1,064 884 1,029 1,171 1,218 1,200 1,257 1,139 1,137 1,154 1,059

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Sales IL 874 840 733 833 749 907 1,011 1,054 1,102 1,074 971 996 997 1,028

Totals 2,014 1,817 1,634 1,897 1,633 1,936 2,182 2,272 2,302 2,331 2,110 2,133 2,151 2,087

Listings IA IL 743 893 934 949 973 1,133 972 1,067 957 981 1,081 1,079 1,108 991 1,107 985 960 885 989 959 931 835 813 844 843 913 700 726

Totals 1,636 1,883 2,106 2,039 1,938 2,160 2,099 2,092 1,845 1,948 1,766 1,657 1,756 1,426

Through June

Current MLS Listings

Burlington Area (Burlington Board of Realtors) Cedar Rapids Area (Cedar Rapids Area Assoc. of Realtors)

% of Active Listings

2013 Avg. Sales Price

2013 Sales Volume

2013 # Sold

% of Unit Sales

Sales/ List

2012 # Sold

2012 Avg. Sales Price

2012 Sales Volume

229

$107,200

$28,953,600

270

95%

249

$104,900

$26,122,100

1,936

$174,100

$329,225,600

1,962

97%

1,736

$158,300

$274,729,400

Southeast Cedar Rapids

176

9%

159,400

28,860,400

181

9%

96%

137

134,500

18,423,200

Northeast Cedar Rapids

287

14%

178,600

49,465,700

277

13%

97%

260

160,000

41,610,300

Southwest Cedar Rapids

155

8%

141,000

23,971,000

170

8%

98%

172

129,000

22,193,700

Northwest Cedar Rapids

145

7%

129,700

18,546,400

143

7%

98%

142

125,100

17,760,000

32

2%

252,100

11,345,200

45

2%

98%

51

228,400

11,649,900

Marion

195

10%

189,600

47,778,600

252

12%

99%

207

184,600

38,203,600

East of I-380: Mechanicsville, Anamosa, Mt. Vernon, Lisbon, etc.

251

12%

153,700

33,513,900

218

11%

96%

220

168,900

37,168,200

West of I-380: Walford, Fairfax, Atkins, etc.

195

10%

150,700

22,308,600

148

7%

96%

148

132,500

19,607,000

Corridor Area: Solon, Ely, Swisher

141

7%

279,100

33,497,400

120

6%

97%

80

257,800

20,620,300

Condominiums

359

21%

146,900

59,938,400

408

25%

99%

346

137,300

47,493,200

Clinton, Camanche & Fulton (Clinton Board of Realtors)

328

$94,200

$17,904,500

190

94%

234

$100,000

$23,406,000

47

$151,100

$6,345,100

42

94%

63

$137,400

$8,653,900

Dubuque Area (Dubuque Board of Realtors)

615

$159,300

$76,778,700

482

95%

466

$159,000

$74,076,200

Dubuque

418

68%

165,300

60,848,400

368

77%

98%

362

159,000

57,574,800

North, South and West Dubuque

123

20%

142,300

12,951,600

91

19%

94%

84

162,500

13,650,000

Illinois

53

9%

104,500

1,149,800

11

2%

92%

12

129,100

1,549,000

Wisconsin

21

3%

152,400

1,828,900

12

2%

92%

8

162,800

1,302,400

$172,600

$8,630,900

50

79%

59

$175,000

$10,323,600

Hiawatha & Robins

DeWitt (Quad City Area Realtor Assoc.)

Galena & Surrounding Area (Realtor Assoc. of Northwest IL)

407

Illinois Quad Cities (Quad City Area Realtor Assoc.)

893

$107,100

$93,575,200

874

95%

840

$107,200

$90,021,500

Rock Island

139

16%

88,000

14,868,700

169

19%

95%

149

83,600

12,459,600

72

8%

110,900

7,429,900

67

8%

94%

59

139,100

8,209,200

156

17%

101,700

20,637,200

203

23%

95%

193

101,900

19,660,400

Milan & Rural Rock Island County Moline Coal Valley, Rural Moline, Miscellaneous

31

3%

145,600

5,242,800

36

4%

96%

32

160,600

5,139,300

112

13%

94,700

8,053,500

85

10%

95%

115

95,900

11,025,100

Port Byron, Upper Rock Island County

58

6%

171,000

7,353,000

43

5%

95%

31

170,000

5,270,000

Mercer County

78

9%

107,500

5,157,800

48

5%

94%

42

101,300

4,255,800

Henry County

181

21%

84,900

18,394,700

170

19%

94%

155

109,600

16,988,100

66

7%

7%

96%

64

109,600

7,014,000

97%

977

$173,500

$169,497,700

97%

497

128,700

63,963,900

272,000

59,306,700

East Moline & Silvis

Condominiums

121,500

6,437,600

53

$177,200

$201,995,200

1,140

140,600

85,624,500

609

290,400

62,435,500

215

19%

98%

218

172,100

8,948,400

52

5%

96%

30

179,800

5,393,300

5%

237,000

9,478,300

40

4%

97%

42

253,500

10,648,700

26

3%

199,800

11,189,700

56

5%

98%

52

202,800

10,546,800

50

7%

106,700

3,521,100

33

3%

92%

26

105,400

2,740,800

100

13%

154,100

20,797,700

135

11%

98%

112

150,900

16,897,500

Iowa Quad Cities (Quad City Area Realtor Assoc.)

743

Davenport

376

Bettendorf & Riverdale

119

16%

Blue Grass, Buffalo, Durant & Walcott

38

5%

LeClaire, Pleasant Valley & Princeton

34

North Scott County Miscellaneous Condominiums Iowa City Area (Iowa City Area Assoc. of Realtors)

51%

$207,100

$278,095,000

1,343

98%

1,259

$193,700

$243,837,500

Iowa City

267

20%

260,100

84,516,800

325

24%

98%

297

242,300

71,952,700

Coralville

99

7%

293,500

31,990,200

109

8%

98%

85

282,700

24,028,000

Northwest Iowa City

124

9%

274,600

39,263,300

143

11%

99%

140

246,000

34,436,400

Northeast Iowa City

39

3%

158,700

4,919,400

31

2%

97%

23

153,400

3,528,500

Southeast Iowa City

30

2%

133,500

2,669,800

20

1%

94%

25

141,700

3,541,500

Southwest Iowa City

93

7%

155,400

10,412,700

67

5%

96%

60

163,000

9,780,200

Corridor Area

73

6%

330,700

15,213,500

46

3%

96%

41

240,100

9,842,500

Miscellaneous

240

18%

147,000

23,369,100

159

12%

96%

162

138,000

22,350,200

Condominiums Maquoketa, Preston & Bellevue (Jackson County MLS)

357 100

28%

148,400 $111,700

65,740,200 $9,273,600

443 83

34%

99% 94%

426 55

151,100 $95,900

64,377,400 $5,276,400

Muscatine & Wilton Area (Muscatine Board of Realtors)

224

$124,300

$30,539,900

243

95%

229

$123,800

$28,361,100

Muscatine

134

60%

123,000

21,397,300

174

72%

95%

155

115,300

17,869,900

Wilton

20

9%

123,100

2,584,500

21

9%

95%

19

106,500

2,023,000

Muscatine Outlying

64

28%

131,500

4,864,500

37

15%

95%

43

160,300

6,894,800

6

3%

154,000

1,693,600

11

4%

96%

12

131,100

1,573,400

Condominiums

1,322

53%

Washington Area* (English River MLS)

100

$86,400

$6,133,100

71

94%

68

$105,000

$7,140,400

Wisconsin - Grant & Lafayette Co. (S. Central Wisconsin)

438

$110,300

$21,958,700

199

88%

216

$123,500

$26,671,300

(This representation is based in part on data supplied by the REALTOR Associations or their Multiple List­ing Services. Neither the Boards nor their MLS guarantee or is in any way MLS) responsible for its accuracy. Data maintained by the Boards or their MLS may not reflect all real estate activity in the market.) *Washington Area includes Mount Pleasant and Fairfield.

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