Brunswick County’s residential real estate market remained strong through October and November, with year-to-date sales volume surpassing $2.5 billion and continuing to track ahead of last year’s pace. In addition to strong sales, inventory increased, reaching levels not seen in several years.

“While rising inventory might be a warning sign of a slowing market in other areas, that’s not the case in Brunswick County.” said Cynthia Walsh, CEO of the Brunswick County Association of REALTORS®. “Home sales have been steady all year, in part because Brunswick County continues to be one of the fastest-growing counties in the state and nation. The increased supply is needed to meet the continued strong demand.”

In November, new listings increased 9.7% compared to last year, from 505 to 554. The number of units sold rose 6%, from 401 to 425. Average sale prices increased slightly by 1.1%, rising from $486,919 to $492,324. Median sale prices also grew 2.5%, increasing from $365,000 to $374,000. Meanwhile, total sales volume jumped 7.2%, climbing from $195,254,439 to $209,237,493. The luxury market remained strong in November, with 31 sales of $1 million or more. The largest transaction over the past two months occurred in Ocean Isle Beach and topped $4 million.

Year-to-date sales volume through November totaled $2,347,027,519, up 7.7% from $2,528,195,704 at the same point in 2023. The average year-to-date sale price increased 3.2%, from $464,313 to $479,328, while the median sales price increased 0.5%, from $373,859 to $375,570. The number of units sold through November is up 5.7% compared to last year, from 4,996 to 5,283 and the number of new listings increased 18.8%, from 6,161 to 7,320.

Brunswick County

New Listings

  • November 2024: 554
  • November 2023: 505
  • Increase/Decrease: +9.7%

Units Sold

  • November 2024: 425
  • November 2023: 401
  • Increase/Decrease: +6.0%

Average Sales Price

  • November 2024: $492,324
  • November 2023: $486,919
  • Increase/Decrease: +1.1%

Median Sales Price

  • November 2024: $374,000
  • November 2023: $365,000
  • Increase/Decrease: +2.5%

Total Sales Volume

  • November 2024: $209,237,493
  • November 2023: $195,254,439
  • Increase/Decrease: +7.2%
Posted by Ashley Park on

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.