It's being reported that school overcrowding "threatens" a moratorium on construction of new homes in Chapel Hill and/or Orange County. Meanwhile, the number of "for sale" signs for existing homes in our neighborhoods are proliferating, as old listings languish and new listings appear.
I was unable to find (after an admittedly quick search) current stats for the number of houses on sale in the various school districts or for the average time a house sits on the market -- probably not numbers that local realtors consider very happy. (Did find reference to an approx. 9% vacancy rate for Chapel Hill, but not certain what that includes -- commercial? residential? both?)
However, it doesn't take a lot of scrutiny to know that there are an unprecedented number of existing houses for sale -- far more than are likely to be built new in the next year, I'd bet. And in the likely event that every one of those houses -- or even half of them -- were sold to families with children by September, the schools would have a difficult time accommodating them.
