Realty Times - Chapel Hill, North Carolina Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > North Carolina > Chapel Hill

Market Conditions Summary for Chapel Hill, North Carolina

Reported by

Rick Freeman
as of 10/10/2008:

Chapel Hill is a part of the Raleigh/Durham market, comprised of Wake, Durham, Orange and Johnston counties. There are 23% more homes on the market now as compared to this time in 2006; new homes inventory increased by 21% over last year's levels.... MORE->
About Rick Freeman

Reported by

Larry Pulley
as of 10/9/2008:

The demand for homes in the Chapel Hill-Carrboro school system has driven prices higher in recent years. In addition the cultural offerings available at UNC attract many retirees to Chapel Hill further boosting demand for homes. While Chapel Hill... MORE->
About Larry Pulley

Reported by

Tracy Santrock
as of 10/7/2008:

This year is the first year since 2002 that home sales have slowed and prices in Chapel Hill have declined. While home sales were only down 1% the average list to sales price ratio was 93% indicating that there are bargain hunters out there. The... MORE->
About Tracy Santrock

Reported by
Vickie Healey, Broker/Owner
as of 9/15/2008:

Chapel Hill strongly attracts buyers who are moving to work or study at one of the universities or medical centers - UNC, Duke University, or NC State University. The real estate market is strongly influenced by the academic calendar, creating an... MORE->
About Vickie Healey, Broker/Owner

Reported by

Lisa Lundy
as of 9/13/2008:

Chapel Hill, North Carolina is the largest municipality in Orange County. It is often summarized as having the best of small town living in a unique cosmopolitan environment. There are a number of very tangible assets, such as good schools and... MORE->
About Lisa Lundy

Reported by

Jeff Rupkalvis
as of 6/15/2008:

Sellers are finally beginning to accept the first downward movement in this market in over 20 years. With few exceptions, homes are selling for 10%-25% below asking price and are taking longer to sell than in previous years. Not all Sellers are... MORE->
About Jeff Rupkalvis

Average Current Market Rating: 2.3 (6 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.3 (6 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > North Carolina > Chapel Hill

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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