26 homes sold in Coralville in July 2010 compared to 60 homes sold in July 2009. Not a huge surprise to see this dip in home sales after the expiration of the homebuyer tax credit at the end of June. Let’s hope it was just a glitch and we see some stronger sales in August.
| Average Price Homes Sold July 2010 | $215,665 |
| Highest Price Home Sold: | $635,000 |
| Lowest Price Home Sold: | $52,000 |
| Average Price Homes Sold July 2010 | $215,519 |
| Highest Price Home Sold: | $620,000 |
| Lowest Price Home Sold: | $61,500 |
As far as the days on market are concerned. 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 283 days on market. This calculation does not take into account the different types of homes, location or different price ranges, so it’s not a huge help to you if you’re selling your home. If you’re selling a home you would need to look at the number of homes sold in your specific neighborhood in the same price range to figure out how many days on market you can expect when you list your home for sale.
If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) with information of homes sold in your neighborhood 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.
Coralville Real Estate Market Report 2nd Qtr 2010
Iowa City Real Estate Market Report July 2010
Iowa City Real Estate Market Report 2nd Qtr 2010
North Liberty Real Estate Market Report July 2010
North Liberty Real Estate Market Report 2nd Qtr 2010
