Last month sales New Hanover County
Sales were up from April but down from same time last year. There were just over 400 homes sold in May, that's the best month since last May.

Sales have been down fairly consistently since 2021, but had been showing signs of increasing recently, before dropping back off. Year to date sales are off 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.

Last month Prices New Hanover County--------
Average prices don't care, they continue to stay high. The average sales price of just over 681k is a new record for a month, and up 6% from May of 2024. The average price per square foot of a sold home was up 3% to $317. Year to date, average sold prices are up 8%, and average sold price per square foot is up 3%.

I started doing the median sales figures this year to show another perspective. After being mostly down since August of last year, the median price hit a new record high of $495k last month.

The average price for sold homes in New Hanover County in 2024 was around 597k and $302 per sq ft, which was up around 10% and 6% from 2022. The median sale price in 2024 was 452k, up from 425k in 2023.

Current Inventory ----------
Inventory is on the rise, up for the fifth straight month, to 1231. It is at the highest level since spring of 2020. Compared to last year, inventory is up 36%.

Looking back, inventory in the spring of 2022 was around 300; inventory in 2015 was around 2000; inventory in 2010 was around 3400.

Average inventory in 2024 was 897, the average for 2023 was 583, the average for 2022 was 432.

The highest average inventory (since I started looking at it in 2008) was in 2008, when the average was over 3500 homes for sale.

High Dollar Properties ----------
For the second straight month, there was a whopping 43 homes that sold for over a million last month, which is about 10 over average.

Last year was a banner year for $1 million plus homes, there was a record 349 sales.

The top sale for the month was a $12 million house on Figure 8, which puts it at the top 6 all time in New Hanover County.

See the top listings in New Hanover County here

There have been over 60 sales of over $5 million in the history of the MLS.There were only four prior to 2020. There have also been over 30 sales of over $6 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.