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Coralville IA Homes: Weekly Market Update December 13, 2010
Weekly real estate market update Coralville IA December 13, 2010 - Number of homes sold, homes under contract and active listings.

 
 
188 Active Listings11 Homes Under Contract1 Home Sold week ending December 11, 2010 This is a snapshot of the Coralville IA real estate market December 13, 2010 ~ 1 Condo sold last week - 2325 Mulberry St - Sold Price: $165,000 - 133 days on market. The absorption rate for Coralville is 7.5 months - That's the time it takes for the market to "absorb" homes. The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 301 homes sold in the last 12 months in Coralville and there are currently 188 showing as active listings. 301/188 = 1.6 - That means the inventory of homes in Coralville turned 1.6 times in the last 12 months. Now we take the 12 months and divide it by 1.6 to come up with the absorption rate. 12/1.6 = 7.5 months = 227 days on market What the absorption rate tells us that based on the current inventory the average time it ... more

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