Is Clayton NC Selling Out? - New Home Inventory Down 51%

Market Report - Johnston County NC

Johnston County New Home Listings Cut in Half

Choices Getting Slimmer for New Home Buyers in Fall 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 third quarter 2009 versus third quarter 2008.

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 44 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 $300-399K price range had the most significant reduction of Johnston County NC new home choices - from 120 homes in 2008 to only 36 homes in third quarter 2009, a new home inventory reduction of 70%. 

Clayton NC area new homes in the $200-299K range saw a 50% reduction in inventory levels, from 271 to 136 new homes.

And new home listings in the under $150K price range saw a 63% reduction, from 120 homes to just 44 homes.

 Overall New Home Listings in Johnston County NC Third Quarter

 

 

In third quarter 2008, there were 840 new homes listed in Johnston County NC.

In third quarter 2009, there were only 411 new homes listed in Johnston County NC.

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.

Under $150K new homes in Johnston County saw 75% more than the average number of showings versus listings in September 2009.

$400-499K new homes in Johnston County saw 80% more than the average number of showings versus listings in September 2009.  Is there new interest in this price point?

 Compare With Other Areas of the Triangle

Looking for more information on new homes in Johnston County?

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All statistical information courtesy of Stacey Anfindsen's TARR (Triangle Area Residential Realty) Reports.  Anfindsen analyzes sales and inventory of Triangle real estate. 

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