Coralville IA Real Estate Market Report February 2012

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

18 homes sold in Coralville in February 2012 compared to 8 homes sold in February 2011. That's a pretty impressive increase in home sales for Coralville.

The absorption rate is at 8.4 months, that's an average of 254 days on market. (6 months absorption rate is a balanced market). Unsurprisingly that is up from last month. The number of active listings factors into how the absorption rate is calculated and with so many homes coming on the market as we head towards spring it makes total sense that the absorption rate is higher. That will change again once the prime selling season kicks in and the trend goes the other way with more homes selling than are being listed.

 

Number of Homes sold Coralville February 2012

 

If you've got a house to sell, now is the time to get it on the market. You want to have your house on the market at a time when there are the most buyers out there to see it. And that just happens to be spring and early summer.

If you're thinking of buying a home in Coralville, we still have a buyers market and there are great opportunities for buyers. Add to that the insanely low interest rates right now and you can buy yourself a lot more house for less these days. Yes, lower interest rates equals lower monthly payments and you can afford more house than in the past!

Whether you are buying or selling a house in Coralville I'd love the opportunity to talk with you and discuss your options. You can either call 319-400-0268 or drop me an email. I keep on top of trends in the real estate market in the Coralville and Iowa City area and just love sharing information - I look forward to hearing from you!

 

Home Sales in Coralville January 2012 Compared to January 2011 

Home Sales in Coralville IA January - December 2011

Home Sales in Coralville by School District January - December 2011

Home Sales in Iowa City January 2012 Compared to January 2011

Home Sales in Iowa City January - December 2011

Home Sales in Iowa City by School District January - December 2011

 

Data for the market report for February collected from the Iowa City MLS March 8, 2012

 

Originally posted @ Iowa City Homes for Sale

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
Tags:
homes sold coralville ia
coralville ia real estate market

Spam prevention
Show All Comments
Rainmaker
1,055,908
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Hi Denise-It is wonderful to see a increase in home sales. You know your stuff that is easy to see. Great job on the market report. Have a wonderful Friday.

Mar 22, 2012 11:50 AM #1
Show All Comments

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

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

Rainmaker
565,263

Denise Hamlin, Broker/Owner

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

Additional Information