Weekly Market Update Coralville: Homes Sold, Under Contract & Active Listings

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

Weekly market update for Coralville February 15, 2010: Homes sold, under contract and active listings.

Coralville Real Estate Market Statistics February 15, 2010

 

 

182 Active Listings
32 Under Contract
1 Homes Sold Feb 8 - Feb 12
7.3 Months of inventory on the market

The absorption rate in Coralville is 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.

We have a lot of buyer activity in our area in general at the moment with buyers wanting to take advantage of the homebuyer tax credit. And now that it includes repeat buyers Coralville has a good chance of having a good spring too as it does well with the "move-up" buyers.

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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Topic:
Real Estate Market Trends
Location:
Iowa Johnson County Coralville
Groups:
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Tags:
absorption rate
homes sold coralville
homes under contract coralville
coralville real estate market statistics
active listings coralville

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Renée Donohue~Home Photography
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I am loving your Iowa City Real Estate Market Reports!  I am betting you are the first to bring this to Coralville!!  Those lucky residents! 

Feb 15, 2010 12:44 PM #1
Rainmaker
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Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

Hi Renee ~ You of all people know how important market reports are to give folks a feel for what's going on in their specific market. The media is not helpful when it comes to local markets, so it's our job to step in and provide that information.

Yep, I think I am the first to do this on a regular basis in my market. Thanks for noticing and for the encouragement:-)

Denise

Feb 16, 2010 01:10 AM #2
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Denise Hamlin, Broker/Owner

Helping Happy Clients Make Smart Choices
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