Durham NC Market Report - Closings UP 28%
Posted by Penny Hull on Thu, Oct 06, 2011 @ 10:00 AM
Market Report for Durham County NC - August 2011
Closings up 28.3% - Home Sales Increasing
According to the Triangle MLS Report for Durham County for August 2011, the Durham area shows a significant increase in closings in 2011 versus 2010.
August 2010 - 212 Closed Sales in Durham County
August 2011 - 272 Closed Sales in Durham County
28.3% Increase in Closed Sales in Durham County
Not only that, but new listings in Durham County are down significantly, which means there are fewer homes for sale to select from.
August 2010 - 458 New Listings in Durham County
August 2011 - 358 New Listings in Durham County
15.9% DECREASE in New Listings Available in Durham County
Average Percent of Original List Price Received in August was 95.7%, versus 95.8% in August 2010.
The total inventory of homes for sale in Durham County is also down significantly - the inventory of available homes in Durham County was 21.2% lower in August 2011 than in August 2010.
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