Coralville Real Estate Market Report December 2009
A brand new year means I have lots of data for you in my monthly report on what’s going on in the real estate market in Coralville. I’ll kick off with a year over year comparison of the monthly and quarterly numbers of homes sold in Coralville for the period ending December 31, 2009. Followed by a year over year comparison of annual home sales in Coralville for 2009.
Homes Sold in Coralville December 2009 Compared to December 2008
12 homes sold in Coralville in December 2009 compared to 25 homes sold in 2008.
Median price: $189,500 compared to $176,900 in 2008.
Average days on market: 89 compared to 123 in December 2008.
Homes Sold in Coralville in the 4th Quarter – October – December 2009
55 homes sold in Coralville October through December 2009. 55 homes also sold in the 4th quarter 2008.
Median price: $190,000 compared to $176,900 in the 4th Quarter 2008.
Average days on market: 92 compared to 117 in the 4th Quarter 2008.
Homes Sold in Coralville January 1 2009 – December 31, 2009
300 homes sold in Coralville January through December 2009 compared to 324 homes sold in 2008.
Median Price: $189,000 compared to $193,125 in 2008.
Average days on market: 104 compared to 105 in 2008.
Coralville had a pretty volatile year in 2009, as you can tell from the snapshot of the last three months. After a sharp decline in December, home sales leveled out for the quarter. The year ended with a 7% decline in home sales. We will need to watch the trends closely in the coming months to see where Coralville is headed in 2010.
Source for data: Iowa City Area MLS January 5, 2010.