Wednesday, December 23, 2009
The Chapel Hill Real Estate market is doing well. As of the end of November:
- Closed sales are down 12%. This is actually a great number since this time last year sales were down close to 25%.
- Median prices are up 3%.
- Average prices are down .5%
- Days on market increased from 81 to 97.
I am happy to report that sales are down less and that prices are holding their own. Yes, it is talking a little longer to get homes sold but the great news is that they are selling. I only expect things to get better in the coming months.
Don’t forget to make www.realestateexperts.net a favorite so that you can see monthly updates on the Chapel Hill real estate market.