Johnston County is hurting a little bit. This is due in part to the large amounts of development that went on in 2007. It was over developed with higher priced homes. With prices coming down in areas closer to Raleigh, it is hard to get buyers into Johnston county. Clayton is the lightly shining light in Johnston county right now. It is the most desired place to live in this county overall.
| Johnston COUNTY as of 7/31/2008 | 8/1/2007 | 2/1/2008 | 5/1/2008 | 7/1/2008 |
| Closed Transactions in Past | 12 Months | 6 Months | 3 Months | 30 Days |
| EnterTransactions Closed Here>>> | 2676 | 1320 | 647 | 200 |
| Average Homes Sold Per Month | 223.0 | 220.0 | 215.7 | 200.0 |
| Current Active on MLS>>> | 1999 | 1999 | 1999 | 1999 |
| Months Supply on Market | 9.0 | 9.1 | 9.3 | 10.0 |
Overall these are not bad stats for some areas nationally, in the areas close to Wake County, these stats are not good though. I think the increased gas prices has had this affect on Johnston county. Many folks were moving to the Clayton area becasue the amount of home you can get for the price, but gas prices have slowed this migration.
Thanks, Brian Wray
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