Coralville IA Homes: Weekly Market Update November 8, 2010 - Homes Sold, Homes Under Contract & Active Listings

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

coralville ia homes - weekly market update november 8, 2010

 

205 Active Listings
10 Homes Under Contract
3 Homes Sold week ending November 6, 2010


2325 12th St, Coralville - List price $139,900 - Sold Price $137,000 - 13 days on market
1505 10th St, Coralville - List price $149,900 - Sold Price $146,900 - 94 days on market
2488 Belmont Dr, Coralville - List price $319,900 - Sold Price $310,000 - 145 days on market


This is a snapshot of the Coralville IA real estate market November 8, 2010. 1 zero lot and 2 single family homes sold last week in Coralville.

The absorption rate for Coralville is 8.0 months. That's the time it takes for the market to "absorb" homes.

In case you're wondering how I came up with the 8.0 months, here's the calculation: The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 307 homes sold in the last 12 months in Coralville and there are currently 205 showing as active listings.

307/205 = 1.5 - That means the inventory of homes in Coralville turned 1.5 times in the last 12 months.


Now we take the 12 months and divide it by 1.5 to come up with the absorption rate.

12/1.5 = 8.0 months = 243 days on market

What this tells us that based on the current inventory the average time it takes a home to sell in Coralville is 8.0 months. That means we still have a buyers market, although you probably already knew that without me doing this calculation! On the up side, the absorption rate/days on market has improved quite significantly since this time last year. For most of us though, and if you're a seller I'm sure you'll agree, it's going a little slower than we would like.



Last week's weekly market update for Coralville


Coralville IA real estate market report October 2010

Coralville IA real estate market report 3rd Qtr - July - September 2010

Coralville IA real estate market report September 2010

Coralville IA real estate market report August 2010


Coralville IA real estate market report July 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:
homes sold coralville ia
days on market coralville ia
market statistics coralville ia
market reports coralville ia
coralville ia homes

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
566,488

Denise Hamlin, Broker/Owner

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

Additional Information