No Slowdown Here

September 13, 2022

Brunswick County’s real estate market demonstrates stability in August

SHALLOTTE, N.C. — In August, Brunswick County’s residential real estate market saw higher prices, fewer new listings and fewer homes sold compared to last August.  

“While there is talk nationally of a real estate slowdown, Brunswick County’s market continues to demonstrate remarkable stability,” said Cynthia Walsh, BCAR CEO. “When looking at these numbers, it’s important to remember just how abnormal the past few years have been. While the number of homes sold is down slightly compared to last year, sales have been pretty much steady month over month for the past two years, generally hovering between 500 and 600 sales per month, with our usual seasonal dip in December, January and February. Overall, our market remains on track to once again do something that was unheard of prior to 2020: surpass $2 billion in total sales before the end of the year.”

Brunswick County saw $232,570,000 in total sales volume in August 2022, a 5.7% decrease from last August’s $246,620,000. The average sales price increased 9.4%, from $415,883 to $455,130. New listings were down 10.4%, from 682 to 611. The number of units sold in August dropped 13.8% compared to last year, from 593 to 511, and homes spent an average of 26 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, remains at two months. Brunswick County’s luxury market remained strong in August with 19 sales in excess of $1 million and two sales of $2 million or more.

Year-to-date sales volume through August is $1,741,530,000, down 3.1% from $1,797,989,429 last year. Average sales prices for the year are 14.8% higher than 2021, increasing from $383,919 to $440,574. The number of units sold through August is down 17.6%, from 4,666 to 3,846, and the number of new listings is down 9.2%, from 5,135 to 4,664.

Brunswick County

  • New Listings
    • August 2022: 611
    • August 2021: 682
    • Increase/Decrease: -10.4%
  • Units Sold
    • August 2022: 511
    • August 2021: 593
    • Increase/Decrease: -13.8%
  • Average Sales Price
    • August 2022: $455,130
    • August 2021: $415,883
    • Increase/Decrease: +9.4%
  • Median Sales Price
    • August 2022: $370,000
    • August 2021: $325,000
    • Increase/Decrease: +13.8%
  • Total Sales Volume
    • August 2022: $232,570,000
    • August 2021: $246,620,000
    • Increase/Decrease: -5.7%

Bladen County

  • New Listings
    • August 2022: 14
    • August 2021: 20
    • Increase/Decrease: -30%
  • Units Sold
    • August 2022: 12
    • August 2021: 13
    • Increase/Decrease: -7.7%
  • Average Sales Price
    • August 2022: $305,300
    • August 2021: $232,469
    • Increase/Decrease: +31.3%
  • Total Sales Volume
    • August 2022: $3,660,000
    • August 2021: $3,020,000
    • Increase/Decrease: +21.2%

Columbus County

  • New Listings
    • August 2022: 45
    • August 2021: 37
    • Increase/Decrease: +21.6%
  • Units Sold
    • August 2022: 32
    • August 2021: 33
    • Increase/Decrease: -3%
  • Average Sales Price
    • August 2022: $242,337
    • August 2021: $246,548
    • Increase/Decrease: -1.7%
  • Total Sales Volume
    • August 2022: $7,750,000
    • August 2021: $8,140,000
    • Increase/Decrease: -4.8%

Robeson County

  • New Listings
    • August 2022: 10
    • August2021: 13
    • Increase/Decrease: -23.1%
  • Units Sold
    • August 2022: 6
    • August 2021: 7
    • Increase/Decrease: -14.3%
  • Average Sales Price
    • August 2022: $153,083
    • August 2021: $186,214
    • Increase/Decrease: -17.8%
  • Total Sales Volume
    • August 2022: $918,500
    • August 2021: $1,300,000
    • Increase/Decrease: -29.3%

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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