Weekly real estate market update for Coralville March 29, 2010. Includes homes sold, under contract and active listings
303 Active Listings
50 Under Contract
1 Home Sold March 22 - March 27
11 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)
As buyers race to meet the deadline of the homebuyer tax credit they seem to be overlooking Coralville. There are 50 homes under contract in Coralville compared to 103 in North Liberty. (With a similar number of active listings in both markets). From Coralville you have a straight shot to Iowa City with less than a 10 minute commute to downtown Iowa City and the UI Hospitals. The convenience of living in Coralville is apparently not a motivating factor at the moment with a price driven market heading for North Liberty and the east side of Iowa City.
Last week's real estate market update for Coralville
How the absorption rate is calculated
Coralville real estate market report February 2010
Comments(0)