Brunswick County Real Estate Market Update: November 2024 🌟
As we move through the final quarter of 2024, Brunswick County's real estate market continues to evolve, offering promising opportunities for buyers, sellers, and investors alike. Staying informed with the latest market data is crucial for making savvy real estate decisions. Here's a comprehensive look at the key metrics from November 2024 that define the residential real estate landscape in Brunswick County.
Key Market Metrics 📊
Active Listings and New Opportunities
Active Listings: November 2024 saw a significant increase in active listings, reaching 2,042, which is a 35.41% rise compared to last year. This surge in inventory provides buyers with a wider selection of homes to choose from, enhancing the market's vibrancy.
New Listings: The market introduced 554 new listings, reflecting a 9.70% increase from November 2023. This steady influx of new properties ensures a dynamic and competitive market environment.
Pending and Closed Sales
Pending Sales: With 440 pending sales, there's been a 26.07% increase, indicating strong buyer interest and active market engagement.
Closed Sales: The number of closed sales reached 432, marking a 7.73% increase from last year. This uptick in sales highlights the robust demand for homes in Brunswick County.
Pricing Trends and Days on Market
Median Sales Price: The median sales price rose to $372,500, a 2.05% increase from the previous year, suggesting a healthy appreciation in property values.
Average Cumulative Days on Market (DOM): Homes spent an average of 70 days on the market, which is a 45.83% increase from last year. This longer selling period may offer buyers more negotiation opportunities.
Inventory Levels and Market Balance
Month’s Supply of Inventory: The inventory supply stands at 4.73 months, a 25.80% increase, suggesting a balanced market with sufficient supply to meet the existing demand.
5-Year Trends and Insights 📈
The Brunswick County real estate market has experienced notable shifts over the past five years. Both median sales prices and total sales volumes have shown upward trends, reflecting broader economic factors and local market dynamics. These insights provide valuable context for understanding current market conditions and forecasting future trends.
Why Brunswick County? 🌊
Brunswick County offers a unique blend of coastal charm, vibrant communities, and diverse real estate options. Whether you're looking to invest, buy your dream home, or sell your property, the current market conditions present exciting opportunities.
Stay Informed with Brunswick County Market Updates! 🏡
Keeping up with the latest market trends is essential for making informed real estate decisions. For more detailed insights or personalized advice on navigating the Brunswick County real estate market, feel free to reach out to us. Your trusted voice in real estate is here to help you achieve your goals.
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