Home prices are hot in Brunswick County’s market

July 20, 2022

Homes spending less than a month on the market

SHALLOTTE, N.C. — June brought yet another increase in home prices to Brunswick County, with more than half of homes sold selling at or above list price. Total sales volume was down slightly due to tight inventory and fewer homes being sold.

“Our market’s performance continues to impress me despite the tight inventory, and at this rate I don’t see prices dipping anytime soon,” said Cynthia Walsh, BCAR CEO. “With the majority of homes selling for list price or more, strong demand is apparent, and I have no doubt that we’ll hit the $2 billion mark by the end of the year.”

Brunswick County saw $248,140,000 in total sales volume in June 2022, a 3.8% decrease from last June’s $257,860,000. The average sales price increased 23.2%, from $387,170 to $477,185. New listings increased 3.4%, from 678 to 701. The number of units sold in June dropped 21.9% compared to last year, from 666 to 520, and homes spent an average of 27 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is 1.7 months. Of the 520 homes sold in June, 68% sold at or above list price. Brunswick County’s luxury market remained strong in June with 33 sales of $1 million or more, with the highest transaction under $4 million.

Year-to-date sales volume through June is $1,292,200,000, down 0.5% from $1,298,469,429 last year. Average sales prices for the year are 18.8% higher than 2021, increasing from $370,896 to $440,574. The number of units sold through June is down 18.2%, from 3,485 to 2,850, and the number of new listings is down 8.1%, from 3,772 to 3,468.

Brunswick County

New Listings

  • June 2022: 701
  • June 2021: 678
  • Increase/Decrease: +3.4%

Units Sold

  • June 2022: 520
  • June 2021: 666
  • Increase/Decrease: -21.9%

Average Sales Price

  • June 2022: $477,185
  • June 2021: $387,170
  • Increase/Decrease: +23.2%

Median Sales Price

  • June 2022: $387,634
  • June 2021: $379,000
  • Increase/Decrease: +2.3%

Total Sales Volume

  • June 2022: $248,140,000
  • June 2021: $257,860,000
  • Increase/Decrease: -3.8%

Bladen County

New Listings

  • June 2022: 15
  • June 2021: 24
  • Increase/Decrease: -37.5%

Units Sold

  • June 2022: 11
  • June 2021: 13
  • Increase/Decrease: -15.4%

Average Sales Price

  • June 2022: $218,894
  • June 2021: $241,677
  • Increase/Decrease: -9.4%

Total Sales Volume

  • June 2022: $2,410,000
  • June 2021: $3,140,000
  • Increase/Decrease: -23.2%

Columbus County

New Listings

  • June 2022: 59
  • June 2021: 35
  • Increase/Decrease: +68.6%

Units Sold

  • June 2022: 33
  • June 2021: 35
  • Increase/Decrease: -5.7%

Average Sales Price

  • June 2022: $205,817
  • June 2021: $202,944
  • Increase/Decrease: +1.4%

Total Sales Volume

  • June 2022: $6,790,000
  • June 2021: $7,100,000
  • Increase/Decrease: -4.4%

Robeson County

New Listings

  • June 2022: 8
  • June 2021: 8
  • Increase/Decrease: 0.0%

Units Sold

  • June 2022: 5
  • June 2021: 8
  • Increase/Decrease: -37.5%

Average Sales Price

  • June 2022: $272,380
  • June 2021: $153,475
  • Increase/Decrease: +77.5%

Total Sales Volume

  • June 2022: $1,360,000
  • June 2021: $1,230,000
  • Increase/Decrease: +10.6%

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 https://bcarnc.com.

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