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Homes Sold in Coralville IA August 2011 Compared to August 2010
Home Sales in Coralville were up in August by a very impressive 52%. According to data pulled from the Iowa City Area MLS this morning 38 homes sold in Coralville in August 2011 compared to 25 homes sold in August 2010. The biggest increase was with zero lots. Things are definitely picking up in the area in the 3rd quarter with home sales in both Iowa City and Coralville up in July and August. Keep an eye open from my weekly reports in September. The way things are progressing I expect to share more positive information on housing trends in the Coralville real estate market in the coming weeks.

It's not all sunshine and roses of course. We still have a lot of inventory to get through and this excess of homes on the market means there's pressure on prices. We still have a buyer's market with an absorption rate of 8.0 months, that's an average of 243 days on market. (6 months absorption rate would be a balanced market). I'll continue to watch how the housing market shapes up in Coralville in the coming months so check back for updates, or better yet Subscribe to my blog for ... more

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