Home Sales in Coralville are almost even with last September. 16 homes sold so far this month in Coralville, compared to 17 sold by this date in September 2012. 28 homes are showing as Contingent or Sale Pending on the Iowa City MLS. That’s a good number of homes under contract for this time of the year. This is typically the time of the year when the real estate market in Coralville and the greater Iowa City area slow down. This post showing home sales in Coralville in 2012 illustrate what I mean by that.
The absorption rate is at 4 months, 120 days on market. 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.
120 Active Listings
28 Homes Pending or Contingent
16 homes sold in Coralville in September to date – 8 Single Family Homes, 5 Condos, 3 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. If you email me with the details of what you’re looking for in a home I will set that up for you.
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 September 27, 2013