Champaign County IL Real Estate Market Report, October 2011

By
Real Estate Agent with Beringer Realty

Champaign County IL Real Estate Market Report, October 2011

October 2011 Residential Sales Information Compared to October 2010

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

October 2011 Closed Sales Statistics:

  • 156 units sold
  • $148,184 average sale price
  • 93.3% sale-to-list price ratio
  • 102 average days on the market

October 2010 Closed Sales Statistics:

  • 165 units sold
  • $133,365 average sale price
  • 94.5% sale-to-list price ratio
  • 100 average days on the market

Champaign IL Real Estate Market Report

 

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

As a whole, the real estate activity in Champaign County IL for October 2011 was fairly comparable to October 2010. Total number of sales and days on the market were quite similar, though our average sale price was up compared to last October. For the year, our average sale price is still down a bit compared to last year, while total number of sales is up just a tad.

The absorption rate, as you can see below, is heading upwards for the winter as usual, but the good news is that we ended October with about 5% fewer homes on the market than we had at this time last year, and this trend is continuing into November.

 Champaign IL Real Estate Market Report

What is an Absorption Rate?

Last Month's (September) 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®

Posted by

 

**************************************************************************************

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.

Homeplace Advisors on Facebook  Visit Our Website  Email Shannon!

Search for Homes in Champaign-Urbana IL

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

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

Comments (0)

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?