The Chapel Hill Year End Market Report

I am happy to report that the 2009 Chapel Hill real estate market ended on a high note. Overall all, while sales were still down, they were down much less than the 25% decline we saw in 2008 and thankfully prices held their own.

As the year ended, www.teamjodi.com saw:

  • Closed sales decline 8.1% (rather than 12% at the end of November),
  • Median prices were up 2.7%,
  • Average prices declined 1.6%, and
  • Days on market increased from 83 to 97.

While it took longer to get homes sold, most houses did sell and prices did not erode significantly.  I take this as success in a difficult time. I am looking forward to a robust 2010 as our economy begins to improve.

Don’t forget to make Team Jodi a favorite so that you can see monthly updates on the Chapel Hill Real Estate market.

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This entry was posted on Monday, February 8th, 2010 at 4:16 pm and is filed under Articles, Blogroll, Business, Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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