It's been an interesting few weeks in our house! Life is adjusting to 'Shelter in Place', working from home and home schooling. (Well, starting to adjust...) The local real estate market remains resilient. New listings are carefully reviewed by the active buyers but we are seeing a very good amount of activity.
Next we look at the active competition. In any given time-frame only a certain number of homes will sell. How does the home need to be priced to compete against the neighbors but still maximize the value for features and amenities in the property?
Champaign County real estate inventory is averaging 5.3 months of supply. This represents a fairly balanced market between home buyers and sellers. 5 to 6 Months of supply is the standard for balance between a buyer's or seller's market. Five or less and the demand is strong enough to label it a Seller's Market. Six... Continue Reading →
How will my home be shown to potential buyers? One of the most basic but most important details in selling your home. The answer varies depending on the property, seller and real estate broker but don't worry, it's easy to figure out. In Champaign County when a home is listed for sale, the showing instructions... Continue Reading →
Will Champaign County home values be up, down or the same in 2012? No one knows for sure and everyone has an opinion so we can at least have some fun guessing. What do you think?