Home prices continue to be stable in our markets in eastern Iowa, while the rest of the nation experiences declines.
Nationally home prices have fallen 8.36% in the last five years, but all of our markets’ prices are up: 9.25% in Dubuque; 7.22% in the Quad Cities; 5.68% in Cedar Rapids; and 5.43% in Iowa City.
According to the Federal Housing Finance Agency, of the 299 MSA’s (Metropolitan Statistical Areas) ranked by home price appreciation, all of our markets ranked in the top third in the nation – Quad Cities at 29th; Cedar Rapids at 72nd; Dubuque at 80th; and Iowa City at 95th.
Our local markets continue to provide much more stable home prices, showcasing our real estate strength compared to the rest of the country. Real estate continues to be a great investment in our region – based on the appreciation in our markets over the past five years.
A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company. Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bellevue, Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage. For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com .