Chatham County Monthly Market Report for November 2007

November Sales Data

Number of sales during this period: 62
Average Sales Price: $232,804
Percentage of Asking Price Obtained: 95.7%
The Average Time on the Market: 194 days

October Sales Data

Number of sales during this period: 51
Average Sales Price: $205,873
Percentage of Asking Price Obtained: 97.7%
The Average Time on the Market: 92 days

What do these numbers mean or show? Well, they can be interpreted many ways. First, the number of sales did increase in November as did the average sales price. But the percentage of asking price obtained declined while the number of days on the market rose over 100%. I will allow you to interpret the data your own way. If you would like more information or want to discuss these numbers, I will be happy to help you in any way I can.