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Real Estate - Residential

Report: Home Sales Rounding Out Year At Steady Pace In Brunswick Co.

By Staff Reports, posted Dec 20, 2024
The residential real estate business found a steady groove all year in Brunswick County, a Realtors group said in its latest report.

A news release from the Brunswick County Association of Realtors on Thursday stated that home sales remained strong through October and November.

The year-to-date sales volume surpassed $2.5 billion, still ahead of last year’s pace, according to the release. In addition to strong sales, inventory reached levels not seen in several years, the report stated. 

“While rising inventory might be a warning sign of a slowing market in other areas, that’s not the case in Brunswick County,” said Cynthia Walsh, CEO of BCAR, in the release. “Home sales have been steady all year, in part because Brunswick County continues to be one of the fastest-growing counties in the state and nation. The increased supply is needed to meet the continued strong demand.”

The BCAR report is based on statistics recorded in the regional multiple listing service (MLS).

In November, new listings increased nearly 10% compared to last year, from 505 to 554. The number of units sold rose 6%, from 401 to 425. Average sale prices increased slightly, by 1.1%, rising from $486,919 to $492,324.

Median sale prices also grew 2.5%, increasing from $365,000 to $374,000. Meanwhile, total sales volume jumped 7.2%, climbing from $195,254,439 to $209,237,493.

The luxury market in BCAR's territory remained strong in November, with 31 sales of $1 million or more, the release stated.

"The largest transaction over the past two months occurred in Ocean Isle Beach and topped $4 million," according to the release.

The year-to-date sales volume through November totaled $2.5 billion, up from $2.3 billion at the same point in 2023. 

According to the report, the number of units sold through November was up 5.7% compared to last year, from 4,996 to 5,283, and new listings increased 18.8%, from 6,161 to 7,320.
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