Welcome to my monthly real estate newsletter
Greetings! I put out this free emailed newsletter once a month to keep people up to date on the local real estate market. My data focuses on the sales and inventory of homes in New Hanover County, with additional numbers on the region our MLS covers.
To see the full review of real estate sales in the region for 2025, click here.
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| There continues to be signs that the market is slowing, in 2025, the number of homes sold and the average price were up just 3%. But low inventory continues to keep prices moving up. |
Last month sales New Hanover County
After a slow January, sales have increased by 8% the past two months. Year to date sales are up just 1% compared to last year.
For the year 2025, sales were up 3%. For the year 2024, sales ended up down 1% from 2023. For the year 2023, home sales finished 19% off compared to 2022. Home sales in 2024 were the lowest since 2014.
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Last month Prices New Hanover County--------
The average price of a sold home stayed under 600k for the second straight month, at just under $598k. That number is down 6% from same month last year, which seems to suggest prices are leveling out. The record high $329 per sq ft in January dropped to just $299 in February and then bounced back up to $305 in March. Compared the March 2024, the price per sq ft was up 1%.
The average price for sold homes in New Hanover County in 2025 was around $613k and $307 per sq ft. In 2024 it was around 597k and $302 per sq ft. The median sale price in 2025 was $462k, in 2024 it was 452k.
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Current Inventory ----------
Inventory was up for the second straight month, the 1182 homes for sale in New Hanover County was up 11% from last month and 5% from last year.
For the year 2025, the average inventory was 1108, compared to 897 in 2024. The average for 2023 was 583, the average for 2022 was 432. So there is clearly an upward trend.
Looking back, inventory in the summer of 2022 was around 500; inventory in 2015 was around 2100; and summer inventory in 2010 was around 3400.
The highest average inventory (since I started looking at it in 2008) was in 2008, when the average was over 3500 homes for sale.
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High Dollar Properties ----------
The high end market continues to do well, so far this year there have been 102 homes sold for over $1 million, up from 76 by this time last year.
The top sale for the month was a $6.7 million sale soundfront at Figure Eight Island.
See the top listings in New Hanover County here
There have been 11 sales over $10 million in the history of the mls. There have been over 60 sales of over $5 million. Out of the top 20 highest sales, only six happened prior to 2024.
See the top home sales in the HISTORY of New Hanover County here. |
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