You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

Clark County housing sales down slightly from 2013


Property sales declined 11 percent between April and May in both Clark and Champaign counties, although sales have spiked in Champaign County compared to the same time last year.

Overall, home sales in both counties will likely remain relatively stable for the rest of this year due to a lack of available inventory, said Nancy Eubanks, president of the Clark County Board of Realtors.

“We have buyers in the marketplace but the issue is buyers are having trouble finding exactly what they want,” she said.

There were 126 properties sold in Clark County in May 2013, but that figure had fallen to 106 when numbers for this past month were released, said Eubanks, a real estate agent at Roediger Realty Inc. The figures include all residential and commercial sales in the county, she said, but the vast majority were single family home sales.

Champaign County fared better, with property sales this May spiking 44 percent compared to 2013. Champaign County also fared better this April than at the same time last year, with property sales jumping almost 20 percent.

However, Eubanks also pointed out Champaign County had far fewer sales overall than Clark County because of its smaller population.

A report earlier this week from the National Association of Realtors showed sales across the U.S. increased between April and May, but were still about 5 percent behind the pace set last year. The report showed sales of existing homes in the U.S. increased about 4.9 percent last month to a seasonally adjusted annual rate of 4.89 million homes. That monthly gain was the fastest since August 2011.

However, the organization also released a report earlier this month showing new home construction across the U.S. remains slow, and some states could face housing shortages and affordability issues unless housing starts to match up with local job creation.

The local sales are part of a national trend in which buyers are often in the market for a new home, Eubanks said, but sometimes struggle to find the right house due to a competitive market and a lack of inventory.

“I don’t foresee it changing any time soon,” she said. “I think we’re going to see this through the rest of this year.”



Reader Comments ...


Next Up in Community News

Betty White celebrates 95th birthday, offers advice on long, happy life
Betty White celebrates 95th birthday, offers advice on long, happy life

Beloved actress Betty White is 95 today, and in a charming Yahoo interview with Katie Couric, the "Golden Girl" looks back and shares her thoughts on living a long, happy life. “Be mean with people. That’s what you do,” she deadpanned, adding a growl for effect. Actually, she suggests people stay...
Amazon, other online retailers to accept food stamps
Amazon, other online retailers to accept food stamps

Amazon and six other online retailers will soon be able to take government assistance as payment for groceries under a new plan. According to the United States Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, consumers who are eligible for benefits will be able to use their assistance accounts on Amazon, FreshDirect...
Did baby of homeless woman die in freezing cold or was child stillborn? Authorities disagree
Did baby of homeless woman die in freezing cold or was child stillborn? Authorities disagree

It's unclear whether the baby of a homeless woman in Oregon was stillborn or died after birth in freezing temperatures, the Willamette Week reports.
Some neighbors 'not surprised' after wife of Pulse nightclub shooter arrested
Some neighbors 'not surprised' after wife of Pulse nightclub shooter arrested

Update: The Justice Department released the indictment against Noor Salman Mateen Tuesday morning.  Original story: The FBI has arrested the widow of the gunman in the Pulse terror attack, charging her with aiding him in his plans and obstructing the investigation into the shooting, WFTV learned Monday. Noor Salman Mateen, 30, was married to ...
Donald Trump's inauguration: Here's a list of members of Congress who are not attending
Donald Trump's inauguration: Here's a list of members of Congress who are not attending

In the run-up to the inauguration of Donald Trump as America’s 45th president, more than 40 Congressional Democrats have said that they will not attend the ceremony on Friday. While many said earlier that they did not plan to attend the inauguration, more legislators joined the list after a dust-up this weekend between Trump and Rep. John Lewis...
More Stories