Chatham County Real Estate Market Update - November 2012
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.
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