Durham New Home Listings DOWN 31%
Available New Home Inventory Decreasing
Looking for a new home in the Durham area? Thinking the choices have gotten a little thinner? You're right....
New Home inventory in Durham NC was down 32% in November 2009 versus November 2008. Durham is one of the more affordable areas of the Triangle, with more new homes available under $300K.
New Home Listings by Price Point in Durham NC
There were fewer new home listings in Durham NC in nearly every price point.
- $200-299K Durham New Home inventory reduced by 45%
- $150-199K Durham New Home inventory reduced by 41%
- $300-399K Durham new home inventory reduced by 21%
- Townhome inventory reduced by the lowest percentage - only a 9% reduction was seen.
Durham remains one of the more affordable areas of the Triangle.
Overall New Home Listings in Durham NC November 2009
On December 1 2008, there were 430 new homes listed in Durham NC.
On December 1 2009, there were only 295 new homes listed in Durham NC.
Builders are building fewer "speculative" homes, and more home buyers are opting for completely custom packages, in every price point (which means the homes are not listed, but completed to the buyers exact specifications).
What Price Points are getting the most showings in Durham ?
If you're looking to purchase in these price points, you'll have more competition for your new home.
Which price points are most popular in Durham ?
- Durham townhomes saw the most showings in November 2009.
- Durham new homes under $200K saw the most showings PER HOME.
- Durham condos saw the least showings PER HOME.
Durham, NC New Homes:
New Custom Homes in the Raleigh Area - and throughout central North Carolina
Stanton Homes makes building your new custom home easy! We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations. Your custom home is going to be extraordinary when you create it with one of the nation’s top fully involved builders, our upscale architectural and interior design team, and the high quality materials and craftsmanship that our reputation is built on.
Call 919-278-8070 to find out more about new homes in the Raleigh area today.
Articles copyright Stanton Homes 2006-2013. Unauthorized use is not permitted. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of any lot listings, but can work with homebuyers to purchase available lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.