Ruhl&Ruhl REALTORS
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5
Quad Cities Real Estate Sales Volume Highest Ever
The residential real estate sales volume in the Quad Cities reached its highest mid-year level ever through June of this year. Combined sales in the Iowa and Illinois Quad Cities were up 3.5% over last year. This increase was reflective of 4.1% fewer actual properties sold, but an 8% increase in average sales price from $169,800 to $183,400.
● Iowa Quad Cities: the highest number of sales in 15 years, since 2004. Compared to the 1st half of 2018, sales volume was up 12%. Listing inventory is up 3% and there are 2.8 months of inventory - a seller's market. The average sales price is $222,600.
● Illinois Quad Cities: 5-year low in the number of sales. Sales volume is below mid-year 2017 and 2018. There were 6% more properties for sale and 4.8 months of inventory - a market balanced between buyers and sellers. The average sales price is $130,100.
Low Interest Rates Ignite Home Sales - Great Time to Refinance
With interest rates at their lowest leve...
24
Why Getting Pre-Approved Should Be Your First Step
In our markets, buyer demand outpaces the current number of homes for sale. Now, more than ever it is important to get pre-approved before beginning your home search.
Get a better idea of what you can afford.
A pre-approval can help determine how much you can afford and what a lender would be willing to lend you. So don't waste time and energy looking at houses you can't afford.
Stay competitive with other potential buyers.
You may lose out to other buyers who are already pre-approved if you find your ideal home.
Have your offers welcomed by agents.
Real estate agents are well aware that an offer may fall apart if the buyer has not been pre-approved. Contact us with questions or visit RuhlMortgage.com to learn about pre-approval, to get a second opinio...
3
Home Price Appreciation Increases Across Our Region
Dubuque Ranks Highest Regionally for One-Year Gain
Five-year home appreciation in our region was between 13.25% and 16.31% with all of our regional Metropolitan Statistical Areas experiencing a positive gain. "House prices have risen consistently over the last 31 quarters," said Dr. William Doerner, Supervisory Economist.
"Although price growth is still positive, the upward pace is softening across the country, especially among states with the largest supplies of housing." In the past year, home prices have changed: +3.95% in Dubuque; +2.87% in Iowa City; +2.40% in Cedar Rapids; and +2.72% in the Quad Cities. This compares to other cities: Des Moines up 3.76% and Chicago up 2.76%. Of course, there is considerable variation based on price range and location of properties, with more affordable properties appreciating more. "Regionally, housing supply has been tightening," said Caroline Ruhl, CEO of Ruhl&Ruhl Realtors. "As a result, we see our home prices ap...
22
Spring Market Exploding - Affordable Inventory Needed!
Record-breaking cold and snowfall slowed housing sales in the region during the first quarter of 2019. Across all of our markets, 5% fewer homes sold than last year. But there was considerable variation from market to market, as shown on our regional activity chart, below. 
Warm April weather has opened the floodgates, releasing pent up buyer demand. Unfortunately, affordable inventory isn't coming onto the market as quickly as the buyers, so we have frustrated first-time buyers with competing offers for lower-priced homes. This is great news for sellers - we just need more of them!
Mortgage Rates Lower than Last Year
Mortgage rates are actually lower th...
2
Ruhl&Ruhl Realtors Ranks as Iowa's Largest Privately-Owned Real Estate Company
Ruhl&Ruhl Realtors has ranked once again as the largest privately-owned real estate company in Iowa.
REAL Trends 500 ranks the Top 500 real estate companies in the country according to the number of residential transactions and sales volume. Ruhl&Ruhl Realtors ranks number 1 in Iowa and number 130 nationally based on 5,336 transactions closed in 2018. This places Ruhl&Ruhl Realtors in the top 1% nationally. REAL Trends 500 ranks companies on residential transactions only. When we add back in farm and land and commercial transactions, Ruhl&Ruhl Realtors closed 5,429 sides in 2018. On average, Ruhl agents closed 16.7 transactions per agent in 2018.
"We are proud of the care, effort and hard work our agents and staff put in to earn this ranking," said Chris Beason, President of Ruhl&Ruhl Realtors. "Our team is honored to help so many local families through such an important process in their lives."
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