The Clinton Herald, Clinton, Iowa

Local News

June 16, 2014

Healthy year forecast for the local market

CLINTON — The increased temperatures of spring and summer generally bring increased activity to the real estate market, and this year is no exception.

After a long, rough winter that held back buyers, the spring was healthy for housing in this area, and the summer is expected to continue that trend.

When comparing the quantity and prices of homes sold year over year, Clinton Board of Realtors President Matt Brisch said it’s important to note that the total pool in the Clinton area is relatively small, so the statistics can be skewed by a small number of houses.

For example, 108 homes were sold between March 1 and May 31, compared to 113 during that period in 2013. But a closer examination of the data reveals that the decrease can be accounted for by a reduction in the number of homes that sold for $19,000 or less — seven were sold in that range in spring 2013, compared to two this year.

Decreases also were seen in the homes sold in the $20,000 to $49,999 range, with a total of 25 in the spring of 2013 compared to 17 during that time period this year.

Fewer homes sold at the bottom end, combined with a slight uptick in the number of homes sold in the upper market, resulting in an 8.5 percent increase in the average selling price from one spring to the next.

With the majority of buyers looking for clean, move-in ready homes that have been updated, the summer months will likely see the high level of activity to continue. Data from an area market survey shows that the highest number of sales generally occur in the range of about $70,000 to $130,000.

Houses that have been on the market for awhile are typically affected by pricing, presentation or both.

Whenever possible, homes for sale should feature clean, neutral colors, and be free from clutter during showings, Brisch added.

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