Weekly Real Estate Market Update Coralville March 8, 2010: Homes Sold - Under Contract - Active Listings

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

Weekly real estate market update Coralville March 8, 2010

 

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

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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