Sales in 2010 were off to a great start but have slowed considerably since the end of the home buyer tax credit is April. Overall, year-to-date, the market has improved but with the slow down since the end of April, it is difficult to say what the market will bring for the remainder of the year.
Year-to-date, in Chapel Hill:
- New listings are up 21.4%;
- Closed sales are up 29%;
- Median prices are down 6.5%%;
- Average prices are down 11.2%;
- The list to sales price ratio is 96.3; and
- Average Days on market is 110.
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