Inventory and activity are both moving upward in Champaign County. Active listings climbed about 20% from a year ago, and homes sold increased nearly as much over that period. New and pending listings are also higher than last year, suggesting a stronger flow of properties coming on and going under contract.
Pricing has been pushing higher alongside that increased activity. The typical home value is up about 13% year over year, and the median list price has risen at a similar pace. Despite more options on the market, the average sale-to-list ratio is just under 99%, and roughly one in five homes sell above asking, indicating buyers are still bidding close to list.
Even with these pressures, conditions lean toward sellers but are not extremely tight. Months of supply sits at about 2.3, lower than Ohio overall and down from last year, pointing to continued seller leverage despite the jump in inventory. Homes are taking longer to sell than a year ago, with a median of about a month and a half on the market, giving buyers a bit more time to decide. With these shifting dynamics, both buyers seeking value and sellers aiming to price correctly can benefit from an Agent Pronto-recommended real estate professional to guide their next move.
