Home Sales Statistics: July 2012 versus July 2011
These statistics include houses, condos, co-ops, and zerolots in greater Champaign County.
Home Sales in July 2012:
292 units sold
$148,563 average sale price
95.9% sale-to-list price ratio
103 average days on the market
Home Sales in July 2011:
254 units sold
$149,187 average sale price
95.1% sale-to-list price ratio
93 average days on the market
What’s happening in the Champaign IL real estate market?
The Champaign-Urbana IL real estate market had yet another solid month of home sales. Total home sales for July 2012 increased by approximately 15% compared to July of 2011 and the sale-to-list price ratio was also up just slightly. The average sale price remained stable. Absorption rates have been much lower this year compared to last and we’ve been averaging around 1,800 homes on the market at any given time versus nearly 2,000 homes on the market throughout 2011.
*This information is deemed reliable, but not guaranteed. Statistics are from the Champaign County Association of Realtors®