Last month sales New Hanover County
After two straight down months, sales were were up 4% in April, and it was the highest sales month since May of last year.

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 continue to stay high. the average sales price of just under $638k was down slightly from last month, but up 20% from April 2024. The average price per square foot of a sold home was up 7% to $310. Year to date, average sold prices are up 8%, and average sold price per square foot is up 4%.

I started doing the median sales figures this year to show another perspective. The median price for a sold home peaked in August at 479k, and has fallen pretty steadily, to 436k in February 2025. It bounced up in March to 467k, but moved back down to 450k in April.

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 1199. It is at the highest level since spring of 2020. Compared to last year, inventory is up over 50%.

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 ----------
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 $12.7 million house on Figure 8, which puts it at the top 3 all time in New Hanover County. That house also sold for $10 million a few years back, which is #10 on the list.

See the top listings in New Hanover County here

There have been over 40 sales of over $5 million in the history of the MLS. There have also been over 20 sales of over $6 million. Out of the top 20 highest sales, half were in 2024.

See the top home sales in the HISTORY of New Hanover County here.