In the Cedar Rapids area there is currently about a two-month supply of homes valued at $400,000 or less and a 7.3-month supply of homes valued at more than $400,000. This is called a “bifurcated” market. It’s a “sellers” market for lower value homes and a buyers market for higher market homes. This puts many people in a position where they can take advantage of both if they’re moving up from the lower value range to the higher value range!
Check out the Spring 2019 edition of Facts and Trends for more details about the local real estate market.
Let’s get that house on the market and start looking for your next dream home. Contact us for a free home valuation.