The Andorfer Group specializes in real estate in the Durham, Raleigh, and Chapel Hill and other areas of North Carolina.

Tuesday, July 2, 2013

May YTD Local Market Real Estate Stats

 As Jay & I move about town, we're often stopped by people looking for some good news on the real estate market. Well, we have some and hope you'll find this update of interest. For details specific to your home, feel free to give us a call or shoot us an email. We're here to help.

May YTD 2013

The number of homes on the market in Durham is down 25% from this time last year
while the number of homes sold is up 15%

There are more buyers than there are good homes for sale and this makes it a really good time for a potential home seller to put their home on the market.Interest rates are at 4% but are going up. This makes it an especially good time for home buyers to lock in at this still advantageous interest rate and move forward to buy a new home.                

The complete Market Statistics for both Durham and Orange counties for May YTD are below.
May 2013 YTD vs. May 2012 YTD

Durham County
Active Listings on the Market - 24% decrease:
May YTD 2012 – 1709 homes
M ay YTD 2013 – 1301 homes
Total Closed 2013 - 10% increase:
May YTD 2012 – 1285 closed
May YTD 2013 – 1418 closed
Average List Price - 9% increase:
May YTD 2012 – $223,044
May YTD 2013 – $247,523
Orange County

Active Listings on the Market - 12% decrease:
May YTD 2012 – 863 homes
May YTD 2013 – 760 homes
Total Closed so far 2013 - 24% increase:
May YTD 2012– 471 closed
May YTD 2013 – 584 closed
Average List Price - 10% increase:
May YTD 2012 – $423,241
May YTD 2012 – $433,537
Wishing you and yours a happy and safe 4th of July!

1 comment:

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