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Monday, March 2, 2009

February 2009 Durham, NC Real Estate Market Down Twenty Percent compared to February 2008

Is Durham County leading the Triangle, NC area out of the housing slump? February 2009 sales data for the Raleigh, Durham, and Chapel Hill area indicates this could be the case!

The total number of real estate sales in February 2009 for Durham county shows that Durham outperformed other Triangle, NC area counties, including Wake and Orange. According to sales reported in the Triangle Multiple Listing Service (TMLS), Durham had a total of 138 sales in February 2009 compared to 173 sales in February 2008. Durham's 20 percent drop is less than half the drop seen in Orange and Wake Counties, where total number of sales for the same periods are down 49 percent and 46 percent, respectively. Get the complete 'inside scoop' on the Triangle, NC real estate market.