Last month sales New Hanover County
Home sales in July were the second highest this year, only June was higher. The 431 homes sold was down 16 from last month, but up 9% from same month last year. Year to date, the number of homes sold is in a dead heat with last year, up by just over 30 homes. The brightest spot continues to be high dollar sales, there was a record 66 homes sold for over $1 million, the most ever for a month.

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--------
After showing some signs of moving down, prices went back up in July. The 674k average sales price was up about 50k from last month and up about 128k from same month last year. That's a 23% increase. The average selling price per sq ft was also up 8% from same month 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 again for the sixth straight month. The 1273 homes for sale was up 1% from last month, and up 7% from same time last year. Compared to last year's averages, inventory increased the most in Wrightsville Beach (64%). Castle Hayne (49%) and in 28401 (28%). In terms of price range, the biggest changes were in 200-300k (+69%) over $1 million (+50%) and 400-600k (+31%). Under 200k inventory was down 13% compared to last year's averages.

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 66 homes sold for over $1 million, which broke the previous month's record of 50. Meanwhile inventory of $1 million plus homes is up 50% from the average of 2025.

The top sale for the month was a $4.68 million house at Wrightsville Beach. The highest active listing is a $12 million house at Figure 8.

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.