14 homes sold in Coralville so far in September. The number of homes sold in all of September 2011 was 20. There are 6 days left to match that number from last year, I’d say the odds are good of that happening since many closings happen on the last day of the month. 164 homes are currently listed on the Iowa City MLS showing as active and 15 homes are contingent or sale pending.
The absorption rate is up from 5.8 months in August to 6 months, that’s an average of 182 days on market. The fact that the absorption rate is staying relatively stable around 6 months is a good sign for the Coralville real estate market.
As we head towards Fall the Coralville IA real estate market is showing signs of stabilizing. Check back for updates to see if this trend continues through the winter months.
Want to talk through your options and figure out whether now is a good time for you to buy a home or sell your home in Coralville? Give me a call at 319-400-0268 or drop me an email. Sound advice and guidance is just a phone call or email away!
Data for this market update collected from the Iowa City MLS September 24, 2012