Mattoon Market Information

Whether buying or selling, one characteristic to consider when choosing an agent is their knowledge of the market.  We believe it is critical for our clients to have current, relevant information.  According to the National Association of Realtors “2016 Profile of Home Buyers and Sellers”, 92% of buyer respondents rated an agent’s knowledge of the real estate market as “Very Important.” 

Real estate is local, not only to a community, but also to different price ranges.  While one price point may be performing very well, there may be others that are not.  Therefore, we track not only the overall market information for Mattoon and Charleston, but we break each community into 13 different price ranges.  Click here If you would like to receive our monthly report.  Otherwise, check back monthly for some highlights that we observed in the market.       

Mattoon
  • Due to a slow April, in terms of units closed (15), 2017 fell behind last year’s pace by 12.7%.  However, even with April being down, 2017 remained 5.3% over the 18 year average for the first four months of the year.  It should also be stated that 2016 had the 3rd highest total for units closed through April.   
  • Inventory jumped from 107 units on April 1st to 119 on May 1st.  This is  a 10.6% increase month over month and a 5.3% increase YOY.
  • Current inventory levels for the overall market indicate a neutral market based on the absorption rates for the last 12, 6 and 3 month time periods as well as the historical average for the next 6 months. 
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