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

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

Weekly Real Estate Market Update for Coralville February 22, 2010: Homes Sold, Under Contract & Active Listings

 

Homes sold, under contract and active listings Coralville February 22, 2010

 

 

 

197 Active Listings
36 Under Contract
1 Home Sold Feb 15 - Feb 20
7.9 Months of inventory on the market


With an absorption rate of 7.9 months Coralville is definitely still a buyers market. Coralville does well with move-up buyers, so once the weather warms up maybe those repeat buyers looking to take advantage of the homebuyer tax credit will change the face of the Coralville real estate market. For the moment at least Coralville is struggling a bit in comparison to North Liberty and Iowa City.

If you're not familiar with the absorption rate, 6 months of inventory of homes on the market is a buyers market. 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here's a link to the first post I wrote about the absorption rate and how it's calculated.


Last week's real estate market statistics for Coralville

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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