Market Report - Chapel Hill Carrboro NC
Chapel Hill New Home Inventory Dropped 37%
Number of New Homes on Market Greatly Reduced in Third Quarter 2009
Looking for a new home in Chapel Hill NC? Thinking the choices have gotten a little thinner? You're right....
New Home inventory in Chapel Hill and Carrboro was down 37% in third quarter 2009 versus third quarter 2008.
New Home Listings by Price Point in Chapel Hill and Carrboro
There was less Chapel Hill/Carrboro new home inventory in every price point except for Townhouse and the $400K-499K range.
No single family new home listings were available under $200,000 in Chapel Hill/Carrboro.
The $300-399K price range had the most significant reduction of Chapel Hill new home choices - from 16 homes in 2008 to only 7 homes in third quarter 2009.
Overall New Home Listings in Chapel Hill/Carrboro Third Quarter
In third quarter 2008, there were 189 new homes listed in the Chapel Hill Carrboro area.
In third quarter 2009, there were only 119 new homes listed in the Chapel Hill Carrboro area.
Builders are building fewer homes, and more home buyers are opting for completely custom packages, in every price point.
What Price Points are getting the most showings in Chapel Hill and Carrboro?
If you're looking to purchase in these price points, you'll have more competition for your new home.
$200-299K new homes in Chapel Hill saw twice the average number of showings in third quarter 2009.
$600-799K new homes in Chapel Hill saw twice the average number of showings in third quarter 2009.
Townhomes in Chapel Hill saw twice the average number of showings in third quarter 2009.
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