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Tuesday, February 17, 2009

Triangle NC Area includes more than just Raleigh, Durham, and Chapel Hill - Update on Chatham County Real Estate

Sure, everybody wants to know about market conditions and the average sale price of homes in Chapel Hill, Raleigh, and Durham, but did you know the Triangle Multiple Listing Service includes an additional 16 counties? One of these counties, Chatham, (view map) is located south of Orange, Durham, and Alamance and west of Wake.

The average sale price of homes in Chatham County is currently $342,582, down about 6% from January 2007. The total number of real estate transactions dropped almost 60% in Chatham County from January 2007 levels. Chatham County inventory is currently up about 25%. Use the 'contact Mark Thomas' link on the right side of this page and ask for the complete Chatham County real estate market summary.