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Brunswick County Real Estate Market Demonstrates Strength, Consistency in June 2019

SHALLOTTE, N.C. [July 17, 2019] -- Brunswick County’s residential real estate market demonstrated consistent strength in June, according to statistics released by the Brunswick County Association of REALTORS® (BCAR). The numbers for June 2019 are similar to the same period last year, with average sale prices increasing slightly and the inventory of available homes remaining tight.

"Brunswick County’s residential real estate market is running like a well-oiled machine – no huge spikes and no huge dips — just strong and steady," said BCAR CEO Cynthia Walsh.

Brunswick County saw $142,740,000 in total sales volume in June 2019, a 3.5% decrease compared to June 2018. The number of units sold and new listings were both down slightly compared to last year. Units sold decreased 8.1%, falling from 534 in June 2018 to 491 last month. The number of new listings decreased 3.9%, and the average sales price was up 5% over 2018, rising from $276,833 last year to $290,722. Over the past year the average number of days a home stays on market has held steady between 80 and 90 days, while the absorption rate, which measures how long it would take to sell the currently inventory of available homes, has hovered between 5 and 5.5 months. 

Brunswick County’s top five markets so far this year are Leland with 567 sales, Southport with 292, Carolina Shores/Calabash at 253, Oak Island (mainland and island) at 242 & Ocean Isle (mainland and island) with 183 sales.

Brunswick County

New Listings

  • June 2019: 560
  • June 2018: 583
  • Increase/Decrease: -3.9%

Units Sold

  • June 2019: 491
  • June 2018: 534
  • Increase/Decrease: -8.1%

Average Sale Price

  • June 2019: $290,722
  • June 2018: $276,833 
  • Increase/Decrease: +5.0%

Total Sales Volume

  • June 2019: $142,740,000
  • June 2018: $147,860,000
  • Increase/Decrease: -3.5%

Bladen County

New Listings

  • June 2019: 21
  • June 2018: 18
  • Increase/Decrease: +16.7%

Units Sold

  • June 2019: 9
  • June 2018: 10
  • Increase/Decrease: -10%

Average Sale Price

  • June 2019: $158,067
  • June 2018: $164,490
  • Increase/Decrease: -3.9%

Total Sales Volume

  • June 2019: $1,420,000
  • June 2018: $1,640,000
  • Increase/Decrease: -13.4%

Columbus County

New Listings

  • June 2019: 26
  • June 2018: 38
  • Increase/Decrease: -31.6%

Units Sold

  • June 2019: 18
  • June 2018: 31
  • Increase/Decrease: -41.9%

Average Sale Price

  • June 2019: $117,028
  • June 2018: $126,078
  • Increase/Decrease: -7.2%

Total Sales Volume

  • June 2019: $2,110,000
  • June 2018: $3,910,000
  • Increase/Decrease: -46.0%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.

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