In January 2009 the average sale price of a home in the Triangle, NC area market was $224,831, compared to $225,175 in January 2007. This is a slight decrease of only 0.2%.
Looking at average home prices by county:
Orange County (includes Chapel Hill and Hillsborough) home prices fell the most from $342,226 in January 2007 to $291,956 in January 2009 - a 14.7% drop.
Durham County (includes city of Durham) had a more modest drop- $207,088 in January 2007 to $202,380 in January 2009 - a 2.3% decrease.
Wake County (includes Raleigh and Cary) home prices increased - $242,295 in January 2007 to $250,618 in January 2009 - a 3.4% increase.
