Home Prices Continue to be Strong in our Markets

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March
7

Home Prices Continue to be Strong in our Markets

March 7th, 2012 by Ruhl Marketing Team

Our local markets are reaping the benefits of stronger home prices compared to the rest of the country, ranking in the top 15% in the nation. Nationally home prices have fallen 19.16% in the last five years, but all of our markets' home prices are up: 7.84% in Dubuque; 3.25% in the Quad Cities; 3.04% in Iowa City; and 1.72% in Cedar Rapids. This compares to other cities: Des Moines, IA down 2.34%; Chicago, IL down 22.86%; and the Daytona Beach, FL area down 46.24%. According to the Federal Housing Finance Agency, of the 306 MSA's (Metropolitan Statistical Areas) ranked by home price appreciation, all of our markets in eastern Iowa ranked in the top 15% in the nation – Dubuque at 4th, Iowa City at 16th; the Quad Cities at 45th; and Cedar Rapids at 47th. Analysts report that although there was an overall decline, 12 states showed price increases this quarter, which shows that real estate markets are seeing some signs of life. Our local markets continue to provide a much more stable environment for purchasing homes and investing in real estate. In fact, our current listing inventory is declining and multiple offers are being seen on existing properties for sale. Now is the time to start your home search and get your property listed in our markets, noted Caroline Ruhl, President of Ruhl&Ruhl REALTORS. A family-owned company since 1862, Ruhl&Ruhl REALTORS has grown to more than 275 sales associates, 58 employees and eleven offices, selling more than 4,300 homes in eastern Iowa, western Illinois and southwestern Wisconsin. The company has residential sales offices in Bettendorf, Burlington, Cedar Rapids, Clinton, Davenport, DeWitt, Dubuque, Iowa City, Maquoketa and Muscatine, Iowa; and in Moline, Illinois. In addition to residential sales, the company offers services in relocation, property management, real estate investments, new home sales, land development, farm sales, senior services, home vendor services, insurance services through the Nelson Brothers Agency and mortgage services through 1862 Mortgage. For more information on Ruhl&Ruhl REALTORS, visit their website at www.RuhlHomes.com.

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Home Prices Continue to be Strong in our Markets

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