West & Woodall, Town, Lake, & Country Properties, Inc.

Call today! (910) 382-2000

Office Locations

Durham Real Estate Office:

Call us at (919) 382-2000 or come by our office located at 3200 Croasdaile Dr., suite 601, Durham, NC 27705

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Hyco Lake Real Estate Office:

Call us at (336) 322-5800 or come by our office located on Hyco Lake at 8377 Semora Road, Semora, NC 27343

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Real Estate News

Durham Market Update 2009 VS 2008

by Admin 20. January 2010 15:20
Here are stats for the Durham County market that the Triangle Multiple Listing Service just released.

New Listings
2008- 6,795
2009- 5,834
Down 14.1%

Closed Sales
2008- 3,473
2009- 5,834
Down 7.8%

Median Sales Price
2008- $171,250
2009- $171,250
Changed by only $50.00

Average Sales Price
2008- $196,277
2009- $196,310
0% Change

Average Days on Market
2008- 85 Days
2009- 88 Days

These stats show that the Durham market has weathered the downturn pretty well. 2010 shows many signs of an improving market. The tax credits should give this market an early strong first quarter.
*ALL DATA PROVIDED BY TRIANGLE MULTIPLE LISTING SERVICE, INC.  REPORTS ARE CREATED AND MAINTAINED BY 10K RESEARCH and MARKETING.