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Champaign County IL Real Estate Market Report May 2010

Champaign County IL Real Estate Market Report, May 2010

May 2010 Residential Sales Information Compared to May 2009

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

May 2010 Closed Sales Statistics:

  • 284 units sold
  • $148,248 average sale price
  • 96.8% sale-to-list price ratio
  • 85 average days on the market

May 2009 Closed Sales Statistics:

  • 226 units sold
  • $140,838 average sale price
  • 96.0% sale-to-list price ratio
  • 80 average days on the market

Market Activity Champaign County

Summary:

The real estate market activity for Champaign County in May 2010 shows improvement over May of 2009. Like I noted in April’s report, the first-time homebuyer tax credit may still be inflating these numbers, and we’ll have a better idea of where things stand starting in July. We ended the month of May with an inventory of 2,000 properties.

*Information is deemed reliable, but not guaranteed to be accurate. Statistics in this report were compiled by the Champaign County Association of Realtors®.

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