January 2010 Orange County Real Estate Market Update

2010 has gotten off to a good start.  I am seeing a lot of activity in the market.  In the Triangle overall, 21% of the current inventory is under contract.  In Orange County is right on target with 21% of its inventory pending.

Currently, and compared to January 2009:

  • New listings are up 15%;
  • Closed sales for the month of January are up 4.8%;
  • Median prices are up 17.4%;
  • Average prices are down. 0.3%;
  • The list to sales price ratio is down 1% from 95.7% to 94.8%; and
  • Days on market increased from 95 to 127.

Don’t forget to make realestateexperts.net a favorite so that you can see monthly updates on the Orange County Real Estate market.

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