Weekly Real Estate Market Update Coralville March 29: Homes Sold, Under Contract & Active Listings

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

Weekly real estate market update for Coralville March 29, 2010. Includes homes sold, under contract and active listings

 

Weekly real estate market update Coralville March 29, 2010

 

 

303 Active Listings
50 Under Contract
1 Home Sold March 22 - March 27
11 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)



As buyers race to meet the deadline of the homebuyer tax credit they seem to be overlooking Coralville. There are 50 homes under contract in Coralville compared to 103 in North Liberty. (With a similar number of active listings in both markets). From Coralville you have a straight shot to Iowa City with less than a 10 minute commute to downtown Iowa City and the UI Hospitals. The convenience of living in Coralville is apparently not a motivating factor at the moment with a price driven market heading for North Liberty and the east side of Iowa City.


Last week's real estate market update for Coralville


How the absorption rate is calculated


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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