Chatham County New Homes Market Report - Third Quarter 2009

Market Report - Raleigh NC

Chatham County New Home Listings Down 16%

New Homes Under $300K Show Biggest Drop

Looking for a new home in the Raleigh area? Thinking the choices have gotten a little thinner? You're right....

New Home inventory in Chatham County NC was down 16% in third quarter 2009 versus third quarter 2008. Chatham County, which includes areas around Jordan Lake, south of Chapel Hill, Pittsboro, and Siler City, has been lauded for rolling, wooded hills and unspoiled terrain.

New Home Listings by Price Point in Chatham County NC

Chatham County saw some shifts in new home inventory levels. Some price points saw more inventory, while others saw decreased inventory.

• New homes in Chatham County under $300K reduced from 33 listings last year to only 18 listings this year, a 55% reduction in new homes at this price point.
• New homes in Chatham County from $300K to $499K increased from 38 listings last year to 51 listings this year. There have still been a significant number of sales in these price points - the increased inventory at these levels may be partially reflecting an increased demand.

Overall New Home Listings in Chatham County NC Third Quarter

In third quarter 2008, there were 207 new homes listed in Chatham County NC.

In third quarter 2009, there were only 174 new homes listed in Chatham County NC.

Compare With Other Areas of the Triangle

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All statistical information courtesy of Stacey Anfindsen's TARR (Triangle Area Residential Realty) Reports. Anfindsen analyzes sales and inventory of Triangle real estate.

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