With 9 homes on the market at this time we are looking at a 3 1/4 month supply. This measure of inventory is what is referred to as the absorption rate. It means that at the current rate of sales it would take 3 1/4 months to sell all of the inventory. When the absorption rate is between 5-6 months of supply you are experiencing a balanced market. Less than 5 and the scale tips into "Sellers Market" category.
There are 4 prominent golf course neighborhoods in Champaign-Urbana: Lincolnshire Fields, Champaign Country Club, Urbana Country Club and Stonecreek Golf Club. Of these 4 Lincolnshire Fields offers the most homes with golf course frontage and views of the course. Currently there are 6 homes for sale in Lincolnshire Fields and 2 under contract. This is... Continue Reading →