Today's stats are all about Chapel Hill and Carrboro and they show pretty much the same story as Raleigh and Durham - with a few exceptions.
One of the biggest changes is right at the time. Where Wake and Durham Counties saw double digit increases in inventory, Chapel Hill and Carrboro saw a 4% decline in the number of new listings compared with June of 2015. Now, it's only ten fewer listings but if we were seeing the same trend as the two larger markets - we'd see at least 20 more listings last month as we did a year ago.
Another big difference is the days on market. It was relatively flat compared to last year where the other two locations so far saw drastic reductions. While this is "so-so" news for sellers who are hoping to skip town quickly, it's great news for buyers who might be frustrated by missing out in hotter markets in like downtown Durham or Cary.
In terms of inventory - or the amount of homes - it's the same as the City of Medicine and City of Oaks. It's down by 20% as the same number of buyers purchase fewer and fewer listings. That lack of supply is keeping prices appreciating at a healthy 4.3% which is close to the Triangle's 4.7% growth year-over-year.