Coralville IA Real Estate Market Trends January - June 2012

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

Home Sales are up by an impressive 29% in Coralville for the the first half of 2012. 167 homes sold in Coralville January through June 2012 compared to 129 in the same time frame last year.  

If you hop over to the original post on my website, you'll find a table with details on average and median price of homes sold in Coralville in the last six months. The good news is that home prices in Coralville  are up a tad too. The absorption rate  is at 6.8 months, that's an average of 206 days on market.

Housing trends Coralville January - June 2012

 

So what exactly does this data mean to you as a home buyer or home seller in Coralville?

If you've got a house to sell in Coralville, the increase in activity means your chances of selling your home in shorter time frame are better than they have been in the last couple of years. Don't let all this good news about the Coralville real estate market fool you though. We're not out of the woods yet. There are still a lot of houses on the market in Coralville and that means competition for you. Price and condition are more important than ever and both should be looked at carefully before putting your house on the market.

If you're thinking of buying a home in Coralville we still have something of a buyer's market. There are still too many houses on the market for that to change yet. At the same time, the Coralville real estate market is in a time of transition and well priced homes that show well are selling fast. If you see something you like, don't think about it too long or you may miss out. It's not just sellers that need to worry about competition, if you wait too long you may find the house you like sells while you're still thinking about it!

Want to talk through your options and figure out whether now is a good time for you to buy a home or list your home in Coralville?  Give me a call at 319-400-0268 or drop me an email. I'd love to hear from you!

 

Coralville IA Real Estate Market Report May 2012

Coralville IA Real Estate Market Report March + April 2012

Coralville IA Real Estate Market Report February 2012

Coralville IA Real Estate Market Report January 2012

Data for the market report for May collected from the Iowa City MLS July 10, 2012

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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