Chatham Real Estate Market Falls to Growth Trend in Price Cuts

This week in the Chatham market, sales fell to 16 homes sold over the last 30 days, even as it endures an emerging upward trend in price reductions, with 46 reported in the same time frame. While the number of sellers reducing prices trended up, prices took a turn lower, with the median sales price falling to a three-month low at $79,300. Chatham is a definite buyer's market, due to falling prices and a large seven months of inventory left.

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Demographic facts about Chatham:

  • This area has an affordability rating of 55. (Scale: 1 = Worst, 100 = Best)
  • The area gets 35.9 inches of rain a year. (U.S. average: 36.5)
  • This area has an income per capita of $22,966.
  • The area's school rating is 38. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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Elite Executives Real Estate
Snapped 2 homes in this area
Coldwell Banker Residential
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Spartan Residential
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