The mid year numbers are in and it’s time to take a look at home sales in Coralville for the first half of 2014. The real estate market in Coralville was hot in the spring selling season and yet home sales are down for the year. 155 homes sold from January – June 2014 compared to 189 in 2013. The explanation for that must be that we simply didn’t have enough choices for buyers when they were out in force looking to buy a house.
The chart below shows more information on how the Coralville real estate market is trending. The contract to listing ratio is lower and the absorption rate / days on market is up. These data points are both an indication that the market in Coralville is a little quieter right now that it has been. It could be vacation related or simply that buyers aren’t finding the right house in a market that’s still low on inventory, especially in the lower and mid range price points.
Do you have a house or condo to sell in Coralville? I’m a straight talking Realtor who knows the ins and outs of the Coralville real estate market and knows how to get your home sold. Even in a hot market homes don’t sell themselves – A good agent will be what makes the difference between a home selling quickly and it languishing on the market.
Looking to buy a home in Coralville? At Cardinal Realty we represent both buyers and sellers, (just preferably not in the same transaction). Whether you’re buying or selling a home the agent you work with WILL make a difference. (You might even be surprised just how much!) Work with an agent committed to putting in the time and effort needed to make yours a smooth and easy move. Call Denise at 319-400-0268 for help selling your home or buying your next home in Coralville.