New listings, prices and sales volume increase
Brunswick County’s real estate market once again demonstrated strength and stability in February, with similar numbers to last February. Prices, units sold and new listings all increased.
“Last month’s numbers were pretty consistent with what we saw last February,” said Cynthia Walsh, CEO of the Brunswick County Association of REALTORS® (BCAR). “The most significant change from last February was the increase in new listings. While it didn’t make a big difference in our overall level of inventory, this is the most inventory we have had in 12 months. In addition to that, our market saw a 25% increase in pending listings compared to January, with about half being new construction homes. The market tends to heat up with the weather, so we expect to see these trends continue as we move into the warm season.”
New listings increased 31.5% this February, from 517 to 680. Total sales volume increased 5% compared to February 2023, from $145,350,000 to $152,580,000. Average sales price increased 3.1%, from $445,860 to $459,581, while median sales price increased 2.1%, from $368,320 to $360,585. The number of homes sold increased 1.8%, from 326 to 332. Of the 332 homes sold, 139 were new construction.
Year-to-date sales volume through February totaled $308,860,000, up 14.5% from $269,850,000 at the same point in 2023. The average year-to-date sales price increased 11.6% compared to the same point in 2023, from $418,125 to $466,571, while the median sales price increased 2.5%, from $362,790 to $371,979. The number of units sold through February is up 7.1% compared to last year, from 618 to 662 and the number of new listings increased 24.9%, from 1,015 to 1,268.
Brunswick County Residential Real Estate Market Update - February 2024
New Listings
February 2024: 680
February 2023: 517
Increase/Decrease: +31.5%
Units Sold
February 2024: 332
February 2023: 326
Increase/Decrease: +1.8%
Average Sales Price
February 2024: $459,581
February 2023: $445,860
Increase/Decrease: +3.1%
Median Sales Price
February 2024: $368,320
February 2023: $360,585
Increase/Decrease: +2.1%
Total Sales Volume
February 2024: $152,580,000
February 2023: $145,350,000
Increase/Decrease: +5%
