The Dubuque Board of REALTORS reports the number of home sales in June 2011 increased 12.25% percent over May 2011. According to the Dubuque Multiple Listings Service's (DMLS) 2011 Residential Housing Report, 125 homes were sold in the Tri-State Area in June 2011 up from 102 in May 2011. 159 Homes were sold in June 2010. Average are home prices decreased 2 percent in June 2011 ($148,705) over same time 2010 ($151,848).
"We have seen a steady increase in sales each month since the beginning of the year" says Dubuque Board of Realtors President Jeff Hefel. "Although sales lag behind those of 2010, we attribute that to an uncharacteristic spike in sales during the first two quarters of 2010 when area homeowners took advantage of the federal tax credit. Interest rates remain low & it continues to be a great time to buy a home."
Dubuque Multiple Listing Service's Residential Housing Report
# of Sales Avg Sale Price
May 2011 102 $173,895
June 2011 125 $148,705
June 2010 159 $151,848
The DMLS Residential Housing Report is compiled at the end of each month. Data is collected from local Dubuque Board of REALTORS offices that enter sales data into the DMLS. Reports are available to DMLS members with a login & password.
** This article was printed in the Dubuque Telegraph Herald Sunday, July 24, 2011.**
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