Champaign, IL - Local Housing Data - Summary

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Champaign, Urbana, IL

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Champaign, IL Local News

  • Champaign, IL - December 2013 - New Home Closings Numbers Give Hints Market Gain Subsiding

    New home sales climbed in December. Average prices of new and existing homes dropped 7.9%. Average prices of new homes moved up, rising 27.7%. Foreclosures as a percentage of existing home closings dropped, falling 19.7% percentage points. The percentage of new home closings belonging to attached...

  • Champaign, IL - November 2013 - Figures For New Home Closings Rise

    New home sales rose year-over-year in Champaign, IL in November. The percentage of new home closings belonging to attached homes rose, climbing 21.4% percentage points. Average prices of new homes moved up, rising 17.1%. The percentage of new home closings belonging to single family homes dropped,...

  • Champaign, IL - November 2013 - Figures For New Home Closings Rise

    New home sales rose year-over-year in Champaign, IL in November. The percentage of new home closings belonging to attached homes rose, climbing 21.4% percentage points. The percentage of new home closings belonging to single family homes dropped, falling 21.4% percentage points. Average prices of...

New Home Sales Increase in Champaign, Prices Drop According to Recent Data

Posted on: Apr 06, 2014 07:06:59 AM

The Champaign, IL market saw a rise in new home closings in January year-over-year, but the increase was less than December 2013. New home closings moved from 5 a year earlier to 9 after the figure moved from 9 in December 2012 to 18 in December 2013.

A total of 183 new homes were sold during the 12 months that ended in January, up from 179 for the year that ended in December.

New home closings were 9 out of 158 total closings, making up 5.7%. This is up on a percentage basis from 5 of 222 a year earlier. Following a year-over-year decline in December, closings of new and existing homes also slid year-over-year in January.

Pricing and Mortgage Trends

The average per-unit price of new homes was $243,056, compared with $268,100 last year. This came after a 27.7% lift in December year-over-year.

From the year-ago figure of $162,475, the average mortgage size on new homes moved up to $246,879. Average mortgage size on new homes went from $197,401 in December 2012 to $201,468 in December 2013.

 
 
 

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