Coralville Real Estate Market Report June 2010
82 homes sold in Coralville in June 2010 compared to 69 homes sold in June 2009. That’s an increase of 19%. What jumps out in the graph above is that condo sales have increased by a pretty impressive 62% over last year! Yesterday I pulled the number of Homes sold in the 2nd quarter in Iowa City from our MLS and if you check the link you will see that condo sales are also on the rise there. We have a lot of condos in the area so this is really great news.
| Average Price Homes Sold June 2010 | $216,442 |
| Highest Price Home Sold: | $683,000 |
| Lowest Price Home Sold: | $60,500 |
| Average Price Homes Sold June 2009 | $230,582 |
| Highest Price Home Sold: | $540,000 |
| Lowest Price Home Sold: | $38,500 |
I don’t use the days on market calculated by the MLS. 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 months of inventory on the market, that’s 272 days on market. I should add that 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 both of those factors would need to be looked at as they play into how many days on market you can expect when you list your home for sale.
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.
If you need to sell your home and would like some advice on how to sell it for the best price in the shortest time please call me anytime at 319-400-0268 or click here to send me your contact details.
Iowa City Real Estate Market Report June 2010
Iowa City Real Estate Market Report 2nd Qtr 2010
