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Champaign County IL Real Estate Market Report, December 2010

December 2010 Residential Sales Information Compared to December 2009

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

December 2010 Closed Sales Statistics:

* 150 units sold
* $128,454 average sale price
* 94.6% sale-to-list price ratio
* 93 average days on the market

December 2009 Closed Sales Statistics:

* 144 units sold
* $164,375 average sale price
* 95.4% sale-to-list price ratio
* 97 average days on the market

Champaign IL Real Estate Financing Types December 2010

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

Good news for the Champaign housing market! Our housing inventory finally dropped somewhat significantly in December. After having over 2,000 homes on the market for 5 months straight, we ended this month with 1,746 active listings, and because of the decrease in inventory we also saw the absorption rate drop. Hopefully we’ll see these numbers continue to improve into the new year.

Champaign IL Real Estate Absorption Rate Trends

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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