Champaign County Housing Market Shows November Growth
The president of the Champaign County Association of Realtors said, potential buyers are shopping the housing market. In Champaign, the numbers from November show sales are up 38 percent.
Todd Salen, the President of CCAR said, "this is the time of year when sales drop off as we get closer to the holiday season, so for it to have grown so significantly means that home buyers are buying into the idea that it is a good time to buy."
CCAR reports that 174 homes were sold in November. That's up from last year when 126 homes were sold.
"Interests rates have gone down, so it's cheaper to buy a house than it was 10, 15 or 20 years ago," Salen added.
The president said, it may be because no one wanted to buy a house when the market was dropping. However, there's stabilization and not only in one area, he said, but all over Champaign County.