Real Estate Market in Brunswick County

The real estate market in Brunswick County is on a positive up swing. If you look at just the amount of homes sold in 2015 vs 2016, we are up 3.7%. Meaning homes are selling for FASTER this year than 2015. This real estate market report for Brunswick County shows the amount of active listings from 2015-2016 has decreased from 8,575 to 8,054 (-6.1%).  What does that mean to you? The real estate market is now shifting for Brunswick County. There are less homes for sale (6.1% less than 2015), we are selling MORE homes (3.7%) and they are selling for or very close to listing price.

With the Brunswick County real estate market moving in such a positive direction the market absorption rate has lowered by nearly 26%.  So if no other homes got listed today in Brunswick County, we’d be out of homes to sell in just 6 months. That’s 3 months faster than 2015.

The real estate market in Brunswick County has had such a positive change. The number of homes sold has gone from 2,551 in 2015, to 2,676 in 2016. That is an increase of 4% and the homes keep getting sold faster.  Even the average sold price has increased from 2015, taking it from $273,508 in 2015 to $275,296 in 2016.  This put sellers at receiving 97% of their asking price, which is a 1% increase from 2015.  This speaks loudly of how well the Brunswick County Real Estate Market is doing and will continue to do.

 

We study the local market, know the trends, and have proven success.  

For a free market report of the real estate market in your Brunswick County  please call, text, or email us today. 

Jennnifer Bullock 910-512-4080    JenniferBullock@HomesForSaleWilmington.com