Home Sales in East Chapel Hill HS district
February 25th, 2008 categories: Chapel Hill Schools, Real Estate Market, Real Estate News
This chart is a summary of the market conditions in the East Chapel Hill High School district. It represents the detached single family houses which closed from 1/25/2008 to 2/25/2008, as well as those active on the market. As you can see there are 116 detached homes shown as active on the Triangle Multiple Listing Service, up from 109 a month ago. There were only 10 homes which closed in that same period. This means an absorption rate of 10 homes per month for a 12 month supply. Of course, it would vary depending on the price of the house, but you get the idea.
For a seller this means you absolutely HAVE TO be fully committed to getting your house in show condition. You have LOTS of competition! For a buyer, it means you can be in a great negotiating position, if you have done your homework. I can help you whether you are buying or selling.
You can also see we have a very wide range of homes in our market. This sample does not include condos/townhouses. There are a WHOLE lot of those out there, as well! If you want to know more about the living opportunities in the East Chapel Hill High School district, or any other local area, give me a call. I’ll be happy to help.
