Chatham County Real Estate Market Update - November 2012chatham county real estate statistics

Overall real estate in Chatham County NC did better in November of 2011 than in 2012.  There were slightly less # of homes sold in 2012 compared to last year.  The total sales volume was little less too.  The median sales prices decreased 2.4% to $264,750.  

So where is the positive news?  Well, the # of days on market until a home sold decreased by 33 days to 123 days on market.  Meaning Chatham County homes sold a little faster in November this year.  And, the months supply of inventory also decreased to 10.2 months.  6 months supply is a balanced market.  So right now we are certainly experiencing a sellers' market in Chatham County real estate. 

Stay tuned for my final edition of the year and a complete look at all of 2012. 

Statistics courtesy of the Triangle MLS.

Full Chatham County Real Estate Market Report - November 2012

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