Weekly Market Update Coralville June 21, 2010: Homes Sold, Under Contract & Current Listings

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

Weekly real estate market update for Coralville June 21, 2010: Homes sold, homes under contract and current listings.

weekly real estate market update  coralville june 21, 2010

 

 

268 Active Listings
54 Homes Under Contract
17 Homes Sold June 14 - June 19, 2010

An average of 295 days on market = 9.7 Months Absorption Rate (Number of months it takes for the market to "absorb" homes) A few weeks ago we had 11 months of inventory. We're still moving in the right direction, albeit slowly. We still have a buyers market so if you're thinking of buying a home it's a great time to put those thoughts into action.

More homes than buyers in the market place + historically low interest rates = Opportunities for Buyers.

For sellers it's a different story. We have a price driven market. It's important you have the facts about your neighborhood before you put your home on the market. Pricing it right will give you the edge on the competition and mean the difference between your home getting sold or languishing on the market.



How the absorption rate is calculated

Last week's real estate market update for Coralville

Coralville real estate market report May 2010


Coralville real estate market report 1st Quarter: January - March 2010

 

Originally posted @ ichomesforsale.com

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

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Iowa Johnson County Coralville
Groups:
Posts to Localism
Tags:
coralville real estate market
homes sold coralville
days on market coralville
absorption rate coralville

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
566,730

Denise Hamlin, Broker/Owner

Helping Happy Clients Make Smart Choices
Got Questions? Just Ask!
*
*
*
*

Additional Information