Home Sales are up by almost 38% in Coralville this month. 76 Homes Sold in Coralville June 2015 compared to 53 homes sold in June 2014. The Coralville real estate market is in great shape and there isn’t much sign of a slow down, despite it being vacation time. The inventory of homes on the market is up AND the contract to listing ratio is also looking good, it’s opportunities all around for both buyers and sellers in Coralville.
Market Snapshot Coralville June 30, 2015
Sellers are always interested to know how long it takes for their homes in Coralville to sell and buyers like to know too as a long market time may give buyers leverage in the negotiating process. This month it’s good to see 68% of homes sold in Coralville this month sold in less than 60 days. A shorter market time is always good and a sign of a real estate market with lots of buyer activity.
Number of Homes Sold / Days on Market in Coralville
Looking at the number of homes sold is a good indication of what buyers were doing in the last couple of months. To get a feel for what’s going on in “real time” it’s a good idea to look at the contract to listing ratio. The more homes there are under contract, the more buyers there are out and about actively writing contracts. 41% of the homes in Coralville currently listed on the MLS are under contract. That’s a sign that the market is still active in Coralville. Not as active as in May, when the contract to listing ratio was over 50%, but for buyers that’s a good thing. There’s a better chance now that homes will be on the market a little longer and not snapped up before they even get a chance to see them!
Contract to Listing Ratio Coralville June 30, 2015
Are you looking for the right Realtor to help you navigate the complexities of the Coralville real estate market, all the while looking out for you and your money? Sound advice and guidance is just a phone call, text or email away. Call Denise now at 319-400-0268.
Data provided via the Iowa City MLS June 30, 2015