Last month sales New Hanover County
Home sales continued a sluggish pace in May, the 397 sales were up slightly from April but down 2% from May 2025. May sales have been down every year since 2021, when the number peaked at 572. Year to date sales are off about 1%, and the lowest since 2023.

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.

Last month prices New Hanover County--------
Fewer sales has not translated into lower prices, as the average price per square foot of a sold home was at $328 last month, just a dollar off the recod set in January. The average price of a sold home was just under $675k, which is about the same as it was last year. The median price of a sold home last month was just under $475k, which is down 4% from May 2025. For the year, prices are up about 2%, while median sales prices are about the same as last year.

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.

Current Inventory ----------
Inventory was up for the fourth straight month, the 1246 homes for sale in New Hanover County was up 2% from last month and 1% from same time last year. Inventory increased the most in Castle Hayne and Wrightsville Beach.

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.

High Dollar Properties ----------
Home sales might be down, but the number of homes selling for over a million continue to be up. Last month there were 47 homes sold for over $1 million, and year to date we are up 20%. Meanwhile inventory of $1 million plus homes is up 60% from the average of 2025.

The top sale for the month was a $7.25 million sale in Landfall.

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.