Sunday, January 31, 2010
I am happy to report that the 2009 Chapel Hill, Durham, Raleigh real estate market ended on a high note. Overall all, while sales were still down, they were down much less than the 25% decline we saw in 2008 and thankfully prices held their own.
As the year ended, Chathem County North Carolina saw:
- Closed sales decline 8.5% (rather than 13% at the end of November),
- Median prices were down 7.4%,
- Average prices declined 9%, and
- Days on market increased from111 to 116.
I was encouraged to see sales in Chatham County pick up. There is no doubt, however, that Chatham County took the biggest hit in the area on prices.
Don’t forget to make www.realestateexperts.net a favorite so that you can see monthly updates on the Chatham County Real Estate market.
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