Champaign County IL Real Estate Market Report, October 2010

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Champaign County IL Real Estate Market Report, October 2010

Category:Real Estate Market Reports

October 2010 Residential Sales Information Compared to October 2009

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

October 2010 Closed Sales Statistics:

* 162 units sold
* $133,653 average sale price
* 94.5% sale-to-list price ratio
* 100 average days on the market

October 2009 Closed Sales Statistics:

* 205 units sold
* $138,198 average sale price
* 95.7% sale-to-list price ratio
* 78 average days on the market

Champaign IL Homes Financing

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

Despite an apparent decline in our market for October 2010 compared to October 2009, the year-end averages for sale price, days on the market, etc. for 2010 at this point are surprisingly comparable to 2009. Of course, we still have two more months to add to the equation, but right now the only significant variation is in the inventory of homes on the market. The 2010 average inventory currently stands at 1,939 while the average for 2009 was 1,691.

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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