Cedar
Rapids MLS Market Information
Data for year 2006
|
| Median Sales Price |
$129,900 |
| Average Sales Price |
$151,936 |
| Sale Price/List Price % |
98.79
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Home Price Analysis for Cedar Rapids Region
By the Research Division of the National Association of REALTORS®
- Home prices in the region have risen at a moderate pace in recent years.
There is little concern about a price bubble or a large price correction given
the highly affordable conditions in the region
- Rising mortgage rates-roughly one percentage point increase in the past 12
months-have not significantly deterred home buying. That is not
surprising since the affordable markets are less sensitive to interest-rate
changes and more dependent on job market conditions.
- The affordable home price and the associated low mortgage servicing costs
in the local region suggest that there is a good possibility of
better-than-average price growth in the coming years, provided the local
economy generates jobs at a respectable pace.
The =/- reflect the differences
YTD to the previous year.
Data from http://www.crrealtors.org
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