Durham Real Estate November 2011 Market Update
Sales in Durham are not as strong as the other surrounding counties. The bright note, however, is that although sales in Durham are down 8.4% through November, sales are trending in the right direction. In years past, sales down as much as 20-30% over the last few years.
Durham (Sales are down and prices are down)
- As of the end of November, closed sales were down 8.4% overall;
- Average prices were down slightly (2.%);
- The list to sales price ratio dropped from 96.3% in November 2010 to 95.6%;
- The average days on market increased from 88 last year to 120 this year.
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