The residential Real Estate numbers for July 2009 show a familiar sight with most numbers in the minus category but I don't think anyone will be surprised at that. Days on market going in the opposite direction an increase from 83 in 2008 to 98 in 2009 and average sale price year to date is actually up over the same time frame in 2008 from $254,752 to $261,392.
Listings dropped in July 2009 to 2175 from 2509 while the year to date dropped from 18,550 to 15,343. A positive sign if you consider less houses on the market makes the ones out there more attractive.
Closed sales in July 2009 were 1,274 a drop of 10.5 % from 2008 of 1,424, while Year to date closed sales went from 8,961 to 6,495 a 27.5% drop.
Inventory of homes also fell from 9,727 in 2008 to 8,632 in July 2009.
The median sales price in July 2008 was $214,945 and in July 2009 $207,000 and the percent of original list price received at sale in 2008 was 97.9% while in 2009 it was 96.8% ( these numbers do not account for seller concessions)
If you would like more information or you are interested in a particular neighborhood please send me an email at odohertyd@hpw.com
If you like you can call me at 919-601-2268 or visit my website at www.davidorealtor.com
The figures for the market update come from the Triangle MLS and while they are deemed to be accurate they should not be used as a basis for determining the list or sale price of a house.
