Champaign County average home prices keep growing as inventory shrinks [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
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Source: Yahoo! Finance
The Champaign County Realtors Association reports that the average home-sale price for March was $242,445, which is 17 percent higher than the same month last year. The median sale price was $192,500, a 10 percent increase year over year. In February, the average price was $235,324, and the median price was $197,500. "With shrinking inventory levels, this spring is poised to be another competitive market with strong competition on behalf of buyers for properties," said association President Jim Waller. According to the group, the inventory of homes for sale, as of April 21, was 635, compared with 649 the month before. The figure marks a 23 percent decrease from 825 properties in April 2022. Additionally, Champaign County home sales totaled 448 for the first three months of the year, which is down 4.5 percent from the same time last year. Home sales for March totaled 176, a 16 percent dip from last year but up from 138 sales in February. The average rate on a 30-year fixed-r
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FMCC
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- 2/26/24 - Keefe, Bruyette & Woods
FMCC
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- 5/6/24 - Form 8-K
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- FMCC's page on the SEC website