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
Liphoto002 51023111941

Ensure Your Technology is Working for You, Not the Other Way Around

Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech
Dane

A Simple Approach To Difficult Conversations

Dane Scalise - GriffinEstep Benefit Group

Trending News

Demolition Of Former Restaurant Building Underway At Mayfaire

Cece Nunn - May 26, 2023

Next Steps Revealed For Local Entrepreneur’s $1M Restaurant Competition

Miriah Hamrick - May 26, 2023

In Midtown, Mayfaire Office Developers Embarking On New Project

Cece Nunn - May 26, 2023

Additional $75M Released From Sale Of NHRMC

Jenny Callison - May 25, 2023

Tourism Officials Hope For Best Amidst Anticipation Of Drenched Memorial Day Weekend

Laura Moore - May 25, 2023

In The Current Issue

Sand Decisions

Renourishing Wrightsville Beach, as is the case in other area beach towns grappling with the same issue, isn’t just a matter of aesthetics....


Shipping Containers Keep It Cool

As of April, offshoot Craftspace Commercial had produced 10 40-foot refrigerated units for short- or long-term rental, provide secure storag...


Startup Focuses On Fertility

A Wilmington startup has developed what it believes is an alert system that is more reliable than the temperature-based monitoring method us...

Book On Business

The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments