Cary Apex Morrisville Market Report for July 2009
The Cary, Apex, Morrisville area (known as CAM) is seeing some tougher times too. Even though they are probably the most sought after area they too are seeing the number of sellers who have dropped their list price increase. And as Stacey Anfindsen says They still get to watch the dust gather on their real estate signs. the average days on the market for active detached listings is up again to 117 DOM.
Total active detached homes for sale in July
Total detached homes under contract in July
Total homes closed in July
New home building has all but stopped in this area. According to Stacey Anfindsen in his T.A.R.R Report First quarter permits issued were down 82% in Apex, down 50% in Cary and were up 2% in Morrisville.
But here’s something to ponder – the 2nd quarter saw the average sales price increased by 4% in Apex, 3% in Cary and decreased by 8% in Morrisville. The average sales price per square foot decreased 6% in Apex, increased 1% in Cary and
decreased by 13% in Morrisville.
What about showings? We can’t have any activity if showings are happening. Below you’ll see where the numbers are in the various different price points (the final column is #of listings divided by # of showings – the higher the number the more active)
both reports courtesy of T.A.R.R. Report
So there’s this months the good the bad and the not too ugly Cary Apex Morrisville NC Market Report for July 2009.