Market Report - Johnston County NC
Johnston County New Home Listings Down 51%
Choices Getting Slimmer for New Home Buyers in Winter 2009
Looking for a new home in the Clayton NC area? Thinking the choices have gotten a little thinner? You're right....
New Home inventory in Johnston County NC was down 51% in November 2009 vs November 2008.
Clayton NC area new homes are also down an additional 7% over inventory levels from just two months ago.
New Home Listings by Price Point in Johnston County NC
There were fewer new home listings in Johnston County NC in every price point.
There were 39 single family homes were listed in the Clayton NC/Johnston County area under $150K, making Johnston County NC one of the most affordable areas in the Triangle.
The under $150K price range had the most significant reduction of Johnston County NC new home choices - from 115 homes in 2008 to only 39 homes on December 1st 2009, a new home inventory reduction of 66%.
Clayton NC area new homes in the $200-299K range saw a 47% reduction in inventory levels, from 247 to 130 new homes.
And new home listings in the $300-399K range saw a 59% reduction, from 94 homes to just 39 homes.
Overall New Home Listings in Johnston County NC November 2009
In November 2008, there were 776 new homes listed in Johnston County NC.
In November 2009, there were only 383 new homes listed in Johnston County NC.
In September 2009, there were 411 new homes in the Clayton NC area - inventory has reduced by another 7% since September, and 51% over the same time last year.
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 Johnston County?
If you're looking to purchase in these price points, you'll have more competition for your new home.
$200-299K new homes in Johnston County were the most popular price point/area combination in the entire Triangle area for November 2009. Clayton NC new homes continue to be a big draw for homebuyers looking for affordable homes with an easy commute, plenty of shopping, and good schools.
$300-399K new homes in Johnston County saw a lot of interest for the number of homes available. Besides homes under $150K, this price point saw the most showings per home in November 2009.
Compare With Other Areas of the Triangle
Want to see the most recent Raleigh area market reports?
Most Up-to-Date Raleigh Market Reports - How is the Housing Market in Raleigh?
Johnston County, NC New Home Resources:
Johnston County New Home Lots for Sale
New Homes on a Golf Course in Johnston County, NC
Johnston County, NC New Home Builders
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