It’s the beginning of the month and time for a first look at home sales for February in Coralville Iowa. Because of the seasonal nature of real estate it’s better to compare homes sold in February last year rather than last month.

The number of homes sold in Coralville was up in February compared to last year. 11 homes sold in February 2010 compared to 10 in February 2009. This is great news, especially since home sales were down in February in both Iowa City and North Liberty. If you follow my real estate market reports you’ll know that Coralville hasn’t been doing as well with the first time homebuyer as Iowa City or North Liberty. Coralville does well with the move-up buyer and I guess last month was a case in point.

The median price of homes sold in February was $214,900 compared to $185,500 last year. With an average of 88 days on market compared to 120 days on market last year.

The expanded homebuyer tax credit also includes repeat buyers and continues to bring out buyers. The coming months should be interesting in Coralville and the greater Iowa City area.

Buying or selling a home in Coralville, we have an interesting market right now. I’m all for getting information out there, so check back frequently to see what’s going on in the Coralville real estate market. Here’s a link to my weekly market update for this week.

The more you know before you buy or sell a home, the better shape you’ll be in when it comes to either listing a home for sale or making an offer on a home that’s currently on the market. Please don’t hesitate to contact me with questions. I’m here to help!

Iowa City Real Estate Market Report February 2010