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Champaign County IL Real Estate Market Report April 2010

April 2010 Residential Sales Information Compared to April 2009

The following real estate market information concerns only residential sales in Champaign County, IL, and includes houses, condos, co-ops, and zerolots.

April 2010 Closed Sales Statistics:

  • 239 units sold
  • $146,756 average sale price
  • 96.2% sale-to-list price ratio
  • 105 average days on the market

April 2009 Closed Sales Statistics:

  • 174 units sold
  • $133,752 average sale price
  • 94.8% sale-to-list price ratio
  • 104 average days on the market

Financing Types April 2010

*Percentages do not add up to 100% because of rounding.

Note: Ordinarily, I would include contract sales in the category “Other”, but because there were so many this month (8 total compared to 1 or 2, if any) it seemed appropriate to list it separately.

Summary:

After a slow start to the year (only 88 units sold in January, 106 in February and 181 in March) the real estate market in Champaign County picked up in April.

While these numbers are an improvement compared to April of last year, I think it’s important to realize that the homeowners tax credit could be artificially inflating these numbers, and may continue to do so for the next two months. We really won’t know with any amount of certainty until much later in the year.

If you have any questions about these statistics or would like more information, please don’t hesitate to contact me.

*Information is not guaranteed to be accurate. The statistics in this market report were compiled by the Champaign County Association of REALTORS®.

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