The Chapel Hill Real Estate market is doing well.  As of the end of November:

  • Closed sales are down 12%.  This is actually a great number since this time last year sales were down close to 25%.
  • Median prices are up 3%.
  • Average prices are down .5%
  • Days on market increased from 81 to 97.

I am happy to report that sales are down less and that prices are holding their own.  Yes, it is taking a little longer to get homes sold but the great news is that they are selling.  I only expect things to get better in the coming months.

Don’t forget to visit our site often so that you can see monthly updates on the Chapel Hill Real Estate market.