Weekly Real Estate Market Update Coralville April 12: Homes Sold, Homes Under Contract & Active Listings

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

 

real estate market update coralville april  12, 2010

291 Active Listings
65 Under Contract
5 Homes Sold April 5 - April 10
11 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)



The turnover of inventory of homes in Coralville is pretty slow at the moment as you can see with an absorption rate of 11 months. I live in Coralville and am surprised since we're really conveniently located sandwiched between North Liberty and Iowa City. In a price driven market price trumps convenience at the moment it seems. Stay tuned for updates. What goes around comes around and this too will change at some point.



Last week's real estate market update for Coralville


How the absorption rate is calculated


Coralville real estate market report March 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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That's a lot of listings for Coralville to burn through!  Hopefull some first time buyers will take advantage!

Apr 18, 2010 04:41 AM #1
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