The Champaign IL housing market is beginning to pick up as we head towards the summer months and prime selling season! Compared to the first quarter of last this, the number of sales and average sale price are up slightly while the huge inventory of homes on the market has continued to be a challenge for sellers.
What will certainly be interesting to see is how the next few months play out. Last year we had the first-time home buyers tax credit inflating numbers through June with a drop off in sales thereafter. This year we don’t have a tax credit and I would expect to see more of a gradual increase and gradual decrease in our sales numbers.
Overall, I think we’re off to a decent start for the year! Here are the actual statistics for the 1st quarter of 2011 with the 1st quarter of 2010 below for comparison:
In case you missed it and would like to see more detailed reports specifically for Champaign IL…
*Information is deemed reliable but not guaranteed to be accurate. After all, I’m only human 😉