257 Active Listings
29 Homes Under Contract
6 Homes Sold July 12 – July 19, 2010
When it comes to calculating the days on market I don’t use the numbers 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 9.3 months of inventory on the market, that’s 281 days on market. It’s going to take us a while to work through all the inventory in the Coralville market so we probably won’t see any major changes in the near term.
So what does all this mean if you’re thinking of buying a home in Coralville? 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. It’s important you have the facts about your neighborhood before you put your home on the market. Pricing it right will give you the edge on the competition and mean the difference between your home getting sold or languishing on the market.
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.
Last week’s real estate market update for Coralville
Coralville real estate market report June 2010
Coralville real estate market report 2nd Quarter: April – June 2010
