Brunswick County Residential Real Estate Market Update - October 2024
Brunswick County Real Estate Market Update: October 2024 🌟
As we step into the final months of 2024, the Brunswick County real estate market continues to show dynamic changes and promising opportunities. Whether you're a potential buyer, seller, or investor, staying informed about the latest market trends is crucial. Here's a detailed look at the key metrics from October 2024 that define the residential real estate landscape in Brunswick County.
Key Market Metrics 📊
Active Listings Surge
Active Listings: October 2024 saw a significant increase in active listings, reaching 1,986, which is a remarkable 44.86% rise compared to last year. This surge in inventory provides buyers with a broader selection of homes to choose from.
New Listings and Pending Sales
New Listings: The market introduced 655 new listings, reflecting a slight 1.39% increase from October 2023. This steady flow of new properties ensures a vibrant and competitive market.
Pending Sales: With 495 pending sales, there's been a 30.26% increase, indicating strong buyer interest and market activity.
Closed Sales and Pricing Trends
Closed Sales: The number of closed sales reached 513, marking an 11.52% increase from last year. This uptick in sales highlights the robust demand for homes in Brunswick County.
Median Sales Price: The median sales price dipped slightly to $360,000, a 2.90% decrease from the previous year, offering potential buyers more favorable pricing options.
Days on Market and Inventory Levels
Average Cumulative Days on Market (DOM): Homes spent an average of 75 days on the market, which is a 56.25% increase from last year. This longer selling period may indicate more negotiation opportunities for buyers.
Month’s Supply of Inventory: The inventory supply stands at 3.87 months, a 29.87% 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. Total sales volume and median sales prices have fluctuated, reflecting broader economic trends 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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