49 homes sold so far this month in Coralville, compared to 48 sold in total in July 2012. There will likely be a few more closings tomorrow and we’ll see a bigger increase in home sales for the third straight month in Coralville. That’s good news right there. Equally good news is the fact that 41 homes are showing as Contingent or Sale Pending on the Iowa City MLS. That’s a good number of homes under contract so late in the season – A sure sign that there’s lots of buyer activity and lots of buyers writing contracts in Coralville.
The best news in the Coralville real estate market is that homes are selling faster and the absorption rate has dropped to a low 3.9 months, 117 days on market. This is the lowest the absorption rate has been in Coralville in quite a long time and yet another sign of the growing strength in the Coralville real estate market.
115 Active Listings
40 Homes Pending or Contingent
49 homes sold in Coralville in July to date – 23 Single Family Homes, 15 Condo, 10 Zero Lots
Are you thinking of buying a home in Coralville? The inventory of homes is low, especially in the lower price ranges so it’s a good idea to sign up for automatic updates and have listings sent to you as soon as they hit the market.
Ready to talk about selling your home in Coralville? The strong market makes it a great time to list your home for sale! Contact me for a Free Market Analysis 0r Call 319-400-0268 today.
Data provided from the Iowa City Area MLS July 30, 2013