In an effort to keep my subscribers up to date I am passing along information pertaining to the 2010 real estate market in the Iowa Quad Cities. Even as a REALTOR in the Quad Cities who is in this business everyday, its interesting to look back at the statistics. When I preform a Price Analysis for my prospective sellers I take a long look and analyze the current market stats. I guess you could say that I'm kind of a stat. guy when it comes to real estate.

Below you will see several tables that summarize different aspects of the Scott county market. These were taken directly from the MLS (Quad City Board of Realtors) and includes listings from all brokerages;  Mel Foster Co, Ruhl and Ruhl, ReMax River Cities, Grampp Realty and many others. These numbers only represent single family residential and condos.

By the way, if at any time you would like current stats of your own neighborhood just let me know and I set you up with an automatic email that sends you the most recent sales. Or you can simply visit my personal website and enter your address to see recent sales in the Quad Cities.

The next table shows the same Scott county market but a little more in depth. There are numbers that may surprise many of you. For instance, of the total listings taken only 54.74% sold within the initial listing period which would in turn make the average days on the market (DOM) much greater, but unfortunately our Quad City MLS reporting system is not able to take that into account. Another number I always keep track of in more defined markets in the average list-to-sale-price ratio. Here we have an average selling price thats 96.96% of the most recent listed price. Again, with a not so perfect system it does not account for the original listing price and subsequent price reductions, simply the current listed price when the sale occurred. In other words, that percentage would be much lower if we took that info into account. But who's going to do that for 2,000 listings?