Print
Real Estate - Residential

Brunswick Realtors Report Drop In Units Sold, New Listings In April

By Staff Reports, posted May 24, 2023

The average sale price of homes in Brunswick County remained nearly the same, while the number of new listings and homes sold slumped, according to a release by the Brunswick County Association of Realtors.

New listings fell 5.6%, from 586 to 553, while the number of units sold dropped 8.9%, from 482 to 439.

Brunswick County saw nearly $200 million in total sales volume in April, an 8.7% decrease from about $218 million in April 2022, the release stated. The average price increased 0.2%, from $451,993 to $453,078.

“While we saw fewer homes sold in April, the dip is less than what we saw in January and February,” said Cynthia Walsh, BCAR CEO, in the release. “Prices were up slightly, and the average days on the market held steady compared to last year. Seeing equal numbers of affordable and luxury housing is another indicator that the market is balancing out and holding steady overall.”

“Half of all sales in April were new construction, a fact that would have sounded outrageous in the thick of the pandemic, and which still sounds outrageous in many other markets,” Walsh said. “It goes to show that things aren’t slowing down in Brunswick County.”

There were zero sales over list price in April. 32% of sales were exactly at list price. The absorption rate, which is the amount of time it would take to sell all available inventory, and the average number of days on the market held steady at around two months.

Year-to-date sales volume through April totaled $699,690,000, which is down 9.7% from last year’s $774,680,000. The average sales price for the year inched up 0.2% from 2022, increasing from $440,060 to $440,865. The number of units sold through April fell 11.3%, from 1,760 to 1,562, and the number of new listings is up 4.3%, from 2,036 to 2,123.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshotrosaliecalarco 1182131047

Help Stop Government Impersonator Scams

Untitleddesign5

The Impact of a Growth Mindset

John Monahan - Vistage
Screenshot2022 01 06at338 162234623

Food is the Foundation for Prosperous Communities

Girard Newkirk - Genesis Block

Trending News

YMCA Eyes Growth With Plans For New, Expanded Facilities

Emma Dill - Apr 23, 2024

Burns, Redenbaugh Promoted At Coastal Horizons

Staff Reports - Apr 23, 2024

Cold Storage Developer Sets Near-port Facility Completion Date

Audrey Elsberry - Apr 24, 2024

Wilmington Financial Firm Transitions To Wells Fargo's Independent Brokerage Arm

Audrey Elsberry - Apr 24, 2024

Krug Joins Infinity Acupuncture

Staff Reports - Apr 23, 2024

In The Current Issue

MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season