6 homes sold in Coralville last week. This number is lower than last year when 15 homes sold in the same time period. According to MLS Data days on market also increased from 88 to 138.
| 6 Homes Sold Week ending July 24, 2010 | Avg Price: $248,667 |
| 5 single family homes sold | Avg Price: $279,600 |
| 1 condo sold | Avg Price: $94,000 |
It looks like July will be a soft month for sales. Not really surprising considering the expiration of the tax credit on June 30. It was clear that the housing market would need time to correct after that. A couple more days until the end of the month and we will know more about that correction.
So what does all this mean if you’re thinking of buying a home in Coralville? No change really. We’ve been saying it for a while now. It’s a great market to buy a home. The winning combination of more homes than buyers in the market place + historically low interest rates means opportunities for Buyers.
For sellers it’s a different story. We have a price driven market and buyers are looking for deals. They’re also looking for shiny pennies. The winning combination for you is to price your home right + make sure it’s the shiny penny they’re looking for. Pristine homes that are priced right sell. It’s as easy as that.
If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) 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 June 2010
Coralville real estate market report 2nd Quarter: April – June 2010
Source for data: Iowa City Area MLS
