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Champaign County IL Real Estate Market Report, November 2010

November 2010 Residential Sales Information Compared to November 2009

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

November 2010 Closed Sales Statistics:

* 120 units sold
* $159,702 average sale price
* 96.1% sale-to-list price ratio
* 105 average days on the market

November 2009 Closed Sales Statistics:

* 215 units sold
* $141,051 average sale price
* 95.1% sale-to-list price ratio
* 80 average days on the market

Champaign IL Homes Financing

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

Obviously there’s a significant variance in the number of units sold in November 2010 compared to November 2009. The fact that November of last year proved to be more active than usual makes this year’s November numbers look worse than they are, though we did have a somewhat slow month. The good news is that prices continue to remain stable and our inventory has finally dropped below 2,000 again.

Only one more month to go before we can look at 2010 numbers as a whole. How quickly time passes! ­čÖé

Champaign IL Housing Absorption Rates

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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