2009, Year-End, Chatham County NC Market Data

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.

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