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Coralville Real Estate Market Report 2nd Qtr 2010
Coralville Real Estate Market Report 2nd Quarter / April - June 2010 compared to April - June 2009
156 homes sold in the 2nd quarter 2010 compared to 114 homes sold in the 2nd quarter 2009. That's an increase of almost 37%. Just like my market report for Iowa City what jumps out is the number of condos sold. 42 condos sold in Coralville in the 2nd qtr this year compared to 25 in the same time period in 2009. That's a 92% increase! Even better than Iowa City where condo sales rose by 62% compared to last year. I'm going to be really interested to see what happens when I pull the North Liberty numbers later... Watch out for my next blog post for that.
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 ... more
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