How is the Chapel Hill Housing Market?
Home Sales Up Again in Orange County, NC - March 2012 Market Report
Another North Carolina county is showing continued housing market strength - this time it's good news for Orange County.
The March 2012 Triangle MLS Report for Orange County shows significant percentages of increasing closed sales (up 16.2 percent) and decreasing new listings (down 10.8 percent).
16.2% Increase in Closed Sales in Orange County
Orange County closed home sales are up 16.2 percent in March 2012 versus March 2011.
March 2011 - 74 Closed Sales in Orange County
March 2012 - 86 Closed Sales in Orange County
10.8% DECREASE in New Listings Available in Orange County
In addition, new listings of homes for sale have reduced as well, which means there are fewer choices to select from.
March 2011 - 333 New Listings in Orange County
March 2012 - 297 New Listings in Orange County
28.4% DECREASE in Total Homes For Sale in Orange County
The total available inventory of homes for sale in the Chapel Hill area, specifically in Orange County, has decreased from 1,206 last year to 864 this year.
Orange County NC New Home Resources - Building a Home in Chapel Hill, NC