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Monthly Market Update

Shelley Berendt

Specialties:Buyer's Agent,Listing Agent,Relocation,StagingI am a Realtor. Wife. Soccer Mom. Military Mom. Book Lover...

Specialties:Buyer's Agent,Listing Agent,Relocation,StagingI am a Realtor. Wife. Soccer Mom. Military Mom. Book Lover...

Jan 13 2 minutes read

 2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown across the nation. 

Affordability challenges continue to limit market activity, with home sales down month-over-month  and higher mortgage rates are also impacting prospective sellers, many of whom have locked in historically low rates and have chosen to wait until market conditions change before selling their home. (RMLS ALLIANCE LLC)

Economists predict sales will continue to slow and housing prices will soften in many markets over the next 12 months, with larger price declines projected in more expensive areas. Sangamon County is not considered a "more expensive area" so we won't feel that decline as much as other  

Our monthly market update showcases everything you need to know about local real estate trends over the last month.

 

January Market Update for 

Sangamon County - Single Family Homes

115

New Listings

162

Active Listings

110

Under Contract

156

Closed Sales


Homes Sold

96%

Sale-to-List Price


 

$190,385

Average Sales Price

.8

Months of Supply

19

Average Days on Market


More Homes Sold in the 

Price Range Of

$75,000 - $175,000

Than Any Other Price Range


Curious about how your home's value has changed?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.

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