185 Active Listings
23 Under Contract
3 Homes Sold Feb 1 - Feb 6
7.3 Months of inventory on the market
The absorption rate in Coralville is about the same as Iowa City with just over 7 months, so we still have a buyers market. 6 months of inventory of homes on the market is considered neutral and less than 6 months trending to a sellers market. The absorption rate is a great tool for sellers to figure out how the market is trending.
Here's a link to a post I wrote a while back with pretty detailed info about the absorption rate.