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Coralville Real Estate Market Report June 2010
Coralville Real Estate Market Report June 2010 Compared to June 2009
82 homes sold in Coralville in June 2010 compared to 69 homes sold in June 2009. That's an increase of 19%. What jumps out in the graph above is that condo sales have increased by a an impressive 62% over last year! Yesterday I pulled the numbers for Iowa City for the 2nd quarter and if you check the link you will see that condo sales are also on the rise there. We have a lot of condos in the area so this is really great news.
I don't use the days on market calculated by the MLS. I use a simple method to calculate the absorption rate/days on market that doesn't manipulate the data. According to that calculation we have 9 months of inventory on the market, that's 272 days on market. I should add that this calculation does not take into account the different types of homes, location or different price ranges, so it's not a huge help to you if you're selling your home. If you're selling a home both of those factors would need to be looked at as they play into how many days ... more

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