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Champaign County IL Real Estate Market Report, September 2011

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Real Estate Agent with Beringer Realty

Champaign County IL Real Estate Market Report, September 2011

September 2011 Residential Sales Information Compared to September 2010

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

September 2011 Closed Sales Statistics:

  • 211 units sold
  • $152,779 average sale price
  • 95.5% sale-to-list price ratio
  • 95 average days on the market

September 2010 Closed Sales Statistics:

  • 150 units sold
  • $157,181 average sale price
  • 95.8% sale-to-list price ratio
  • 80 average days on the market

Champaign IL Real Estate Market Report 

 

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

In terms of number of sales, this past month was the strongest September we've seen since 2007 with 211 total sales. The average sale price also continued an upward trend from the previous month and was the highest average sale price we've had for any month so far this year. While we're still on track to have an overall decline in average sale price for 2011 compared to 2010, the level of activity for this quarter is a solid improvement over the first half of the year. Look for my 3rd quarter market report here on my blog soon!


Champaign IL Real Estate Market Report

What is an Absorption Rate?

Last Month's (August) Market Report

*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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Shannon Lewis is a Realtor® and broker at Beringer Realty located in Urbana, Illinois. She and her partner, Debbie Hensleigh, help home buyers and sellers in Urbana, Champaign, Savoy, and many other surrounding communities.

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To contact Shannon with a question, for real estate assistance, or just to say "hey!":

call 217-552-8059, or email Shannon@HomeplaceAdvisors.com