July home sales down over 2017, but year-to-date sales still aheadFull article with some commentary from local Realtors here. Unemployment numbers were in today's News-Gazette:
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In July, 317 homes were sold, down 11.2 percent from the 357 sold in the previous July, according to the Champaign County Association of Realtors.
Through July, 1,812 homes have been sold this year, up 1.23 percent from 1,790 through July of last year.
Meanwhile, the average home sale price was down 9.9 percent in July, from $197,167 a year ago to $177,595...
There were 221 pending sales in July, up from 219 a year ago. These indicate homes that went under contract and are awaiting closing.
The average mortgage rate in July was 4.52 percent, up from 3.96 percent in July a year ago and down from 4.57 percent a month ago.
The unemployment rate dropped in each of the state's 14 metro areas in July compared with a year ago.
Unemployment numbers down again in July throughout Illinois
In the Champaign-Urbana metro area, it dropped slightly — from 4.6 to 4.5 percent. In the Danville area, it dropped from 6.8 to 5.9 percent...
In the C-U area, 1,600 nonfarm jobs were added.
Nine hundred were added in the government sector; 700 in education and health services; 500 in leisure and hospitality; 100 in professional and business services; 100 in financial activities; 100 in transportation, warehousing and utilities; and 100 in durable goods manufacturing.
Meanwhile, the Champaign-Urbana area lost 400 jobs in trade, transportation and utilities; 300 in wholesale trade; 200 in retail trade; 200 in mining and construction; 100 in information; and 100 in non-durable manufacturing.
More area unemployment data at the full article here.
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