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Champaign IL Housing Market Report, Oct 2012

Home Sales Statistics: Oct 2012 versus Oct 2011

These statistics include houses, condos, co-ops, and zerolots in greater Champaign County.

Home Sales in October 2012:

188 units sold
$141,968 average sale price
95.3% sale-to-list price ratio
76 average days on the market

Home Sales in October 2011:

157 units sold
$147,779 average sale price
93.3% sale-to-list price ratio
101 average days on the market

Champaign Urbana Housing Financing

What’s happening in the Champaign IL housing market?

As you can see above, there were more home sales in greater Champaign-Urbana for October 2012 than for October 2011, and there is little doubt that total home sales for the entire year will exceed last year’s figure. This is great news! There was also a significant decrease in the average days a home spent on the market. Two notable trends all year have been the low inventory and an increase in sales versus last year, which it seems has resulted in fewer average days on the market. Despite the fact that we’re entering the slower, winter months, the housing market in Champaign-Urbana is looking pretty stable.

Champaign-Urbana Housing Market

Learn About Absorption Rates

*This information is deemed reliable, but not guaranteed. Statistics are from the Champaign County Association of Realtors®

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