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“Normal November” for Brunswick County’s real estate market



In November, Brunswick County’s residential real estate market told a familiar story. The number of homes sold and the prices of those homes didn’t change much from November 2022, while the number of new listings increased slightly and homes continued to sell quickly.


“November’s numbers are 100% on trend with what we’ve seen historically and throughout this year,” said Cynthia Walsh, BCAR CEO. “It’s normal for real estate activity to decrease during the holiday months, so it’s not surprising to see the numbers line up with Novembers of the past. Overall, our market remains strong and steady as we close out the year.”


Brunswick County saw new listings increase 12.3% in November, increasing from 446 to 501. Total sales volume increased 6.6%, from $179,500,000 to $191,360,000. The average sales price increased 7.1%, from $453,283 to $485,680, while the median sales price decreased 4.6%, from $384,240 to $366,495. The number of units sold decreased 0.5%, from 396 to 394. Brunswick County saw 27 sales of $1 million or higher, with the largest sale at more than $3 million in Ocean Isle Beach.


Homes spent just over a month on the market in November. The absorption rate, which is the amount of time it would take to sell all the current inventory, hovers at three months.


Year-to-date sales volume through November totaled $2,317,590,000, down 1.4% from $2,350,690,000 at the same point in 2022. The average year-to-date sales price dipped 2.9% compared to the same point in 2022, from $454,135 to $440,865, while the median sales price decreased 1.2%, from $370,514 to $366,224. The number of units sold through November fell 4.6% compared to last year, from 5,168 to 4,930 and the number of new listings decreased 0.1%, from 6,068 to 6,062.


Brunswick County Residential Real Estate Market Update - November 2023


New Listings

November 2023: 501

November 2022: 446

Increase/Decrease: +12.3%


Units Sold

November 2023: 394

November 2022: 396

Increase/Decrease: -0.5%


Average Sales Price

November 2023: $485,680

November 2022: $453,283

Increase/Decrease: +7.1%


Median Sales Price

November 2023: $366,495

November 2022: $384,240

Increase/Decrease: -4.6%


Total Sales Volume

November 2023: $191,360,000

November 2022: $179,500,000

Increase/Decrease: +6.6%



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