Weekly Real Estate Market Update Coralville March 1, 2010: Homes Sold, Under Contract & Active Listings

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

 

real estate market report coralville

 

 

207 Active Listings


37 Under Contract


5 Home Sold Feb 22 - Feb 27


8.2 Months of inventory on the market



An absorption rate of 8.2 months means Coralville remains a buyers market. Coralville does well with move-up buyers and there is a lot of buyer activity right now, so those repeat buyers looking to take advantage of the homebuyer tax credit may soon have a positive impact on the Coralville real estate market.

If you're not familiar with the absorption rate, more than 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 including the absorption rate and an explanation of how it's calculated.


Last week's real estate market update 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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