Chatham County NC Real Estate Market Update

The Chatham County Real Estate market is doing well.  As of the end of November:

  • Closed sales are down 13%.  This is actually a great number since this time last year sales were down close to 25%.
  • Median prices are down 7.4%%.
  • Average prices are down 7.1%
  • Days on market increased from 112 to 120.

I am happy to report that sales are down less than a year ago.  Chatham County has been hit harder and we are seeing this in a decline of both media and average prices and it is taking longer to sell homes in Chatham County than in the surrounding area.

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