Home Sales in Coralville are up in October. 17 homes sold so far this month in Coralville, compared 12 sold in the same time frame last year.
25 homes are showing as Contingent or Sale Pending on the Iowa City MLS. The inventory of homes is down a bit compared to last month. There are currently 109 homes listed as active on the Iowa City MLS, compared to 120 in September’s market snapshot. That’s a great sign as typically the inventory of homes on the market rises at this time of the year as the real estate market in Coralville and the greater Iowa City area slows down during the winter months.
The absorption rate is at a really low 3.6 months, 108 days on market. That’s the lowest it’s been in Coralville for a while. The absorption rate gives us an indication of how long it takes for the market to “absorb” homes. The turnover rate of homes in Coralville is much better than the 5.7 months we had last year and a great indicator of the growing strength in the Coralville real estate market.
109 Active Listings
25 Homes Pending or Contingent
17 homes sold in Coralville in October to date – 9 Single Family Homes, 8 Condos, 8 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 new 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 and we can discuss the best plan of action to get your home sold.
Data provided from the Iowa City Area MLS October 28, 2013