Weekly real estate market update Coralville July 26, 2010: Includes homes sold, homes under contract and current listings.
256 Active Listings
26 Homes Under Contract
6 Homes Sold July 19 - July 24, 2010
I use a simple method to calculate the absorption rate/days on market that doesn't manipulate the data. According to that calculation we have 9.4 months of inventory on the market, that's 285 days on market. MLS data has it at 138, making it appear a little better. Either way it's going to take us a while to work through all the inventory in the Coralville market so we probably won't see any major changes in the near term.
So what does all this mean if you're thinking of buying a home in Coralville? No change really. We've been saying it for a while now. It's a great market to buy a home. The winning combination of more homes than buyers in the market place + historically low interest rates means opportunities for Buyers.
For sellers it's a different story. We have a price driven market and buyers are looking for deals. They're also looking for shiny pennies. The winning combination for you is to price your home right + make sure it's the shiny penny they're looking for. Pristine homes that are priced right sell. It's as easy as that.
If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) please call me anytime at 319-400-0268 or click here to send me your contact details.
For a complete list of homes for sale in Coralville just send me an email letting me know what you're looking for and I'll send you a list of homes fitting your criteria.
Last week's real estate market update for Coralville
Coralville real estate market report June 2010
Coralville real estate market report 2nd Quarter: April - June 2010
Originally posted @ ichomesforsale.com