Brunswick County Association of REALTORS® releases real estate statistics for September 2017

September 20, 2017

September has come and gone and temperatures are cooling down, but Brunswick County’s residential real estate market remains hot. The third quarter finished strong, with units sold outpacing 2016 by 27 percent and total dollar sales up by 36 percent over last year, according to statistics released by the Brunswick County Association of REALTORS®.

“Brunswick County continues to see a strong sellers’ market,” says BCAR CEO Cynthia Walsh. “If a prospective buyer sees a home they like, they should act fast. If not, the home will likely be off the market very quickly.”

With roughly 400 sales a month and 500 new listings, Brunswick County continues to see a limited inventory of homes for sale. The number of units sold jumped 23.5 percent between September 2016 and September 2017, going from 327 to 404. The average sale price increased 5.3 percent, from $256,014 to $269,477, while total sales rose 30 percent, from $83.72 million in September 2016 to $108.87 million this September.

According to Walsh, 21 luxury homes sold for $500,000 or more in September.

The average days for a home on the market has hovered around 100 days for the past five months. The number of pending residential listings in Brunswick County remains high at 402, roughly equivalent to the number of units sold in September, BCAR reported.

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