Coralville Real Estate: Coralville Home Sellers Market Update

Coralville Home Sellers Market Update November 2009

It's coming to the end of the month and almost time for my monthly real estate market report giving a general picture of how the market is trending in Coralville. As we are going through a time of transition I figured it would be a good time to put together a few numbers with home sellers in mind. If you have your home listed right now, or are thinking about listing it, then the idea is to look at the real estate market from your perspective.



17 Homes sold in Coralville November 1 - November 23

That's a 31% increase over last year. 13 homes sold in Coralville in November 2008

7 of the homes sold were priced below $200,000. Coralville bucks the trend of both Iowa City and North Liberty in that there is a higher percentage of higher priced homes sold than lower priced homes.

Average sale price: $211,163

Average Days on Market: 96


Active Listings: 183

Absorption Rate: 6.9 Months (Here's an explanation of how the absorption rate is calculated if you need it).


Coralville has stiff competition when it comes to home prices in Iowa City and North Liberty, especially when it comes to lower priced homes. In a price driven market where buyers are looking for deals this means if you're thinking of selling your home in Coralville, you really need to look at the bigger picture before you list your home for sale. The new tax credit for repeat buyers  should impact the Coralville market in a positive way, although at this point it's a little early to tell. The first time homebuyer tax credit did not impact Coralville in any significant way, so I'm not going to stick my neck out on that one!
 
There are so many nuances when it comes to selling a home. If you are thinking of selling your home in Coralville in the near future and would like to talk about your specific situation, please contact me @ 319-400-0268.