An article in this morning’s News Gazette brings good news for people looking for Champaign Urbana Real Estate– and actually for sellers as well. The market is beginning to improve locally. Especially for homes for sale in Champaign and Savoy, the selling climate is much better.
One stat that stands out for the local real estate market is that median home prices are only down .36% while the statewide figure is down 9.2%. Beyond this Champaign and Savoy median prices were up 4.4%.
Here is what this means if you are looking at the Champaign Urbana real estate market:
Sellers: Inventory is clearing out and spring is a good time to get your home on the market. Call Sharon Harkness today and she will be glad to give you some help on getting your home ready to sell.
Buyers: Prices are still low, mortgage rates are a give away- mortgage rates for Champaign Urbana can be as low as 3% for a 15 year fixed! Beyond this there are many home on the market and buyers are usually able to negotiate a very good deal.
Ont example of what this means is that homes for sale in Champaign like this one can be purchased at a bargain price right now. This one is on a lovely shaded street and is very close to the University of Illinois.