Well, Spring is just around the corner and the weather has started to look A LOT better. That is starting to translate into a lot more home sales with. Their are now 316 pending home sales reported in the CCAR MLS. That reflects some big increases over the last week.
Looking at the year to date totals it seems that our local market continues to be a stable place to own a home but did have a bit of a slow start. A good portion of that could be attributed to the weather as we kept getting hit with winter storms.
Comparing YTD 2007 to 2008 the average sale price rose 1.7%, from $143,744 to $146,180. But the dollar volume and number of sales is actually down a little bit, 7.5% and 6% respectively.
January 1, 2007 thru February 28, 2007Total # Sold and Closed: 305
Dollar Volume: $43,841,934
Average Price Home: $143,744
January 1, 2008 thru February 29, 2008
Total # Sold and Closed: 282
Dollar Volume: $41,222,633
Average Price Home: $149,180
If you'd like a more detailed breakdown of the local market statistics feel free to contact me through my website at www.ChampaignExperts.com
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