Local Market Update - September 2022
Per the September report from Triangle MLS:
"In Chatham County, there was a 11.6% decrease in new listings in September from last year. The number of closed sales decreased between 2021 and 2022, dropping from 1,185 to 988. Median sales prices also increased by 21.9 percent.
In Durham County, closed sales have decreased 10.6 percent year to date. Median sales price has increased 11.5 percent when compared to September last year, moving from $368,800 to $411,108. Average sales price increased by 17.5% year to date.
The number of listings in Orange County has decreased by 15.4 percent, from 1,822 listings last year to date to 1,368 new listings this year. There was a year to date 10.6 percent decrease in closed sales. Additionally, median sales price increased by 9.8 percent, from $410,000 to $450,000.
The number of listings in Person County has increased by 3.0 percent, from 400 new listings last year to date to 412 new listings this year. There was a 4.2 percent decrease in closed sales. Additionally, median sales price increased by 18.6 percent, from $215,000 to $255,000.
In Wake County, there was a decrease of 5.1 percent in the number of new listings year to date compared to last year. The number of closed sales decreased 13.3 percent. Median sales prices increased by 22.0 percent year to date, rising to $470,993.
What to learn more about the Downtown Carrboro area? CLICK HERE to read about our Neighborhood Series which featured Downtown Carrboro and the great communities that call it home!
Leave a Reply.