Get the inside scoop on the Triangle, NC area real estate market. Obtain real estate market information/sales statistics, learn more about Triangle NC area schools, as well as view 'general interest' postings about our area. Best of all, Triangle NC Real Estate Scoop allows you to search the Triangle MLS system- the same system that local real estate brokers use! The Triangle area of NC includes the cities of Chapel Hill, Durham, Raleigh, Cary, and a number of smaller towns and communities.
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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.