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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