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Champaign County IL Real Estate Market Report, August 2010

Champaign County IL Real Estate Market Report, August 2010

August 2010 Residential Sales Information Compared to August 2009

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

August 2010 Closed Sales Statistics:

  • 171 units sold
  • $169,087 average sale price
  • 95.1% sale-to-list price ratio
  • 82 average days on the market

August 2009 Closed Sales Statistics:

  • 273 units sold
  • $160,331 average sale price
  • 95.7% sale-to-list price ratio
  • 79 average days on the market

Champaign IL Real Estate Market Report

What’s going on in Champaign’s real estate market?

The sales statistics for August were quite similar to those for July of this year, and so the disparity between last year’s and this year’s activity decreased a little. As of the end of August, the total number of units sold for the year is just under 100 less than the total number sold this same time last year. Market activity will surely slow and level off leading into fall and winter, but we may end up with total activity for 2010 looking very similar to that of 2009.

What is an absorption rate?

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

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