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
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.
*Information is deemed reliable, but not guaranteed to be accurate. Statistics in this report were obtained through the Champaign County Association of Realtors®