Durham Real Estate Market Conditions & Reports, Durham Market Trends, North Carolina

Market Commentary Provided by Susan Crawford

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Susan Crawford
Keller Williams Realty
Chapel Hill, North Carolina
919-491-HOME (4663)
Susan@RTPHomeFinder.com
Agent Home Page

Nearest Metro Area

Raleigh/Durham/Chapel Hill

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 Days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$200,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

No Change

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

Single-Family Homes

Buyer Activity for the past 90 days in Durham is

Seller Activity for the past 90 days in Durham is

Is Financing Available For Qualified Buyers in Durham?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

South Durham remains very hot due to its proximity to Research Triangle Park, shopping and easy access to major Interstates. New construction is going at a rapid pace as well, with builders offering many incentives to buyers to purchase their products. Call today for expert representation.

Reason to Buy/Sell

Good economic news

Average Sold Price

$200,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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