Brunswick County’s residential real estate market surpassed $2 billion in year-to-date sales volume for the fourth consecutive year, tracking a month ahead of last year’s pace for this milestone. In September, new listings, units sold and total sales volume increased, while average and median sales prices slightly decreased.
“Our market continues to outpace itself, hitting $2 BILLION a month earlier than last year,” said Cynthia Walsh, BCAR CEO. “This milestone is no easy feat, and the nearly 1,000 Brunswick County REALTORS who have participated in a transaction this year deserve a pat on the back. As far as September goes, demand remains strong, and I expect these trends to remain consistent as the holidays approach.”
New listings increased 8.5% in September, from 544 to 590, compared to last year.
The number of units sold increased 11.8%, from 422 to 472. Average sale prices decreased 8.2%, from $486,356 to $446,377, while median sale prices decreased 4.1%, from $375,000 to $359,613. Total sales volume increased 2.7%, from $205,242,142 to $210,690,157. The absorption rate, which is the amount of time it would take to sell off all the current inventory, held steady at four months, almost doubling the absorption rate in September 2023. Below five months is typically considered seller’s market territory. The luxury market remained strong in September, with 17 sales of $1 million or more, including two transactions greater than $2.5 million.
Year-to-date sales volume through September totaled $2,069,265,433, up 7.4% from $1,926,850,660 at the same point in 2023. The average year-to-date sale price increased 4.4% compared to the same point in 2023, from $459,062 to $479,328, while the median sale price increased 0.5%, from $373,859 to $375,570. The number of units sold through August is up 5% compared to last year, from 4,135 to 4,341 and the number of new listings increased 20.5%, from 5,068 to 6,109.
Brunswick County Residential Real Estate Market Update - September 2024
New Listings
September 2024: 590
September 2023: 544
Increase/Decrease: +8.5%
Units Sold
September 2024: 472
September 2023: 422
Increase/Decrease: +11.8%
Average Sales Price
September 2024: $446,377
September 2023: $486,356
Increase/Decrease: -8.2%
Median Sales Price
September 2024: $359,613
September 2023: $375,000
Increase/Decrease: -4.1%
Total Sales Volume
September 2024: $210,690,157
September 2023: $205,242,142
Increase/Decrease: +2.7%
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