Weekly real estate market update Coralville March 8, 2010
226 Active Listings
39 Under Contract
6 Home Sold March 1 - March 6
8.8 Months of inventory on the market
An absorption rate of 8.8 months means Coralville remains a buyers market. Coralville does well with move-up buyers and there is a lot of buyer activity right now. The homes sold number is starting to tick upwards, so it looks like those repeat buyers taking 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
Coralville real estate market report February 2010