Brunswick County’s residential real estate market surpassed $2 billion in year-to-date sales volume for the fourth consecutive year, tracking a month ahead of last year’s pace for this milestone. In September, new listings, units sold and total sales volume increased, while average and median sales prices slightly decreased. “Our market continues to outpace itself, hitting $2 Billion a month earlier than last year,” said Cynthia Walsh, BCAR CEO.
“This milestone is no easy feat, and the nearly 1,000 Brunswick County realtors who have participated in a transaction this year deserve a pat on the back. As far as September goes, demand remains strong, and I expect these trends to remain consistent as the holidays approach.” New listings increased 8.
5% in September, from 544 to 590, compared to last year. The number of units sold increased 11.8%, from 422 to 472.
Average sale prices decreased 8.2%, from $486,356 to $446,377, while median sale prices decreased 4.1%, from $375,000 to $359,613.
Total sales volume increased 2.7%, from $205,242,142 to $210,690,157. The absorption rate, which is the amount of time it would take to sell off all the current inventory, held steady at four months, almost doubling the absorption rate in September 2023.
Below five months is typically considered seller’s market territory. The luxury market remained strong in September, with 17 sales of $1 million or more, including two transactions greater than $2.5 million.
Year-to-date sales vol.