Champaign County IL Real Estate Market Report, September 2012
September 2012 Home Sales Information Compared to September 2011
The following real estate market information concerns only residential sales in greater Champaign County, IL and includes houses, condos, co-ops, and zerolots
September 2012 Closed Home Sales:
- 195 units sold
- $148,955 average sale price
- 94.8% sale-to-list price ratio
- 84 average days on the market
September 2011 Closed Home Sales:
- 211 units sold
- $152,779 average sale price
- 95.5% sale-to-list price ratio
- 95 average days on the market
What's going on in the Champaign County, IL real estate market?
Residential home sale numbers for Champaign this September ended up looking pretty similar to the numbers for last year. There were slightly fewer total sales and a slightly lower average sale price, but the difference is relatively small, and we're still on track to end the year with more sales total and a higher average sale price. Looking at the graph below, the absorption rate now compared to a year ago is the same. However, we ended September 2012 with about 8.5% fewer homes on the market than there were the previous year. In fact, all year we've had a significantly smaller inventory of homes for sale, which has created more competition and aided in stabilizing the local Champaign housing market.
*Information is deemed reliable, but not guaranteed to be accurate. Statistics in this report were obtained through the Champaign County Association of Realtors®