Weekly Market Report Coralville Feb 8, 2010 - Current Listings, Homes Under Contract, Homes Sold

By
Real Estate Broker/Owner with Cardinal Realty ~ 319-400-0268

 

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.

Posted by

Denise Hamlin, Realtor®

Broker/Owner

CARDINAL Realty, Coralville IA 

Licensed to Sell Real Estate in the State of Iowa

 

Helping Happy Clients Make Smart Choices 

Iowa City Area Real Estate Services

 

Please remember that opinions expressed in my blog are just that - opinions - not fact
For legal or accounting advice please consult with a professional
Although the information provided is deemed reliable, it's not guaranteed

 

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