Featured Blog Posts

April 2023 Market Update

Most notable is that there were only a reported 93 sales in March, which is a 33.6% decrease when compared to the 5-year average of sales volume for the month of March.

dog on blanket

Rental Pet Policy

We understand that pets can often significantly contribute to an individual or family’s quality of life, and we wish to accommodate tenants with pets wherever possible. However, experience has taught us that the presence of pets in a rental home can sometimes result in thousands worth of damage, most frequently the result of pets urinating on carpeting or hardwood flooring which then must be replaced. With this in mind, we employ the following guidelines in making decisions concerning the acceptability of pets:

August 2022 Market Update

Most notably, July 2022 saw the lowest sales volume in the prior 5 years. Additionally, month-over-month Champaign-Urbana saw a 3.6% decline in median sales prices ($216,000 in July and $224,000 in June). However, please note that year-over-year median sales price increases are still above average at 6.3%.

March 2025 Market Update

For the most recent twelve months (03/01/2024-02/28/2025) the MLS reported 1,542 sales with a median sale price of $235,000 and a reported average marketing time of 34 days. For the prior twelve months (03/01/2023-02/27/2024) the MLS reported 1,630 sales with a median sale price of $212,858 and a reported average marketing time of 28 days.  This shows a year-over-year decrease in the number of sales of 88 homes or -5.7%. The median sale prices saw a 9.4% increase year-over-year. There are currently 108 homes on the market with an average marketing time of 119 days. This results in a 0.8-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months. 

By Nick Ward | 4 weeks ago

February Market Update

There are currently 117 homes on the market with an average marketing time of 112 days. This results in a 0.9-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months. 

By Nick Ward | 2 months ago

January 2025 Market Update

We continue to see the shortage of homes available be a significant factor in our market. It is most noteworthy that sales volume for 2024 was the lowest it had been since 2011 following the market crash of 2008. However, values remain strong, experiencing a 9.0% increase year over year.

By Nick Ward | 3 months ago

December 2024 Market Update

November continued the trend we saw in October of strong sales volume with a 9.3% increase over November of 2023. However, we also saw supply of homes drop significantly down to 0.4 months of supply. It is not atypical to see a significant decrease in inventory during the holiday season, but this change is larger than we normally experience.

By Nick Ward | 4 months ago

November 2024 Market Update

This shows a decrease in the number of sales of 89 homes or -5.4%. The median sale prices saw a 10.0% increase year-over-year. There are currently 182 homes on the market with an average marketing time of 98 days. This results in a 1.4-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months.

By Nick Ward | 5 months ago