So whats the deal With Champaign County Real Estate These Days!

Summer is over, the students are back, children are going to school and real estate is at a stand still. Currently there are 7 months of inventory in Champaign County. Remember we calculate inventory by dividing the current number of listings by the number of homes under contract. We got down to a low of almost 4 months during the summer and were busy considering current market conditions. Now that the market has slowed, inventory is up and we're past the peak selling season I expect to see increased price pressure on sellers. If I were in the market to buy I would be giving it serious thought right now as sellers have a lot working against them.

Over the summer I've been monitoring the traffic on my blog and was surprised the post that got the most looks is Jacobs Landing. It appears there is great interest in having a Champaign address and Mahomet schools. I've been keeping an eye on the development and it looks like the roads are almost complete and home building might get underway any day now. If your reading this blog and are interested in Jacobs Landing I would like to be your Realtor.

Uncle Sam has decided in his wisdom to grant a $7500 tax credit to first time home buyers. What the definition of a first time home buyer, anyone who hasn't owned a home in the last 3 years. So if you haven't ever owned a home or it's been more than 3 years don't let this tax credit pass you by!!

Thats about it for today, need to get my daughter to sleep! If you or anyone you know is in the market to buy or sell a home I would greatly appreciate a referral!!

Aaron