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Brunswick County Association of REALTORS® releases real estate statistics for July 2018

SHALLOTTE, N.C. – Brunswick County is seeing an increasingly competitive residential real estate market as the end of Summer approaches, according to the latest statistics released by the Brunswick County Association of REALTORS®. Sales in July 2018 outpaced last year, while the number of active listings and the absorption rate are at their lowest points since 2005. The absorption rate measures how long it would take to sell the existing inventory at the current rate of sales.

“July saw a steady demand and an increasingly tight supply of available homes in Brunswick County,” said BCAR CEO Cynthia Walsh. “If you’ve been thinking about putting your home on the market, now is the time to call one of Brunswick County’s REALTORS.”

The number of new listings decreased slightly in July 2018 compared to last year, falling from 549 to 515, while the number of units sold increased 6.7 percent, from 435 in July 2017 to 464 last month. The average sales price increased from $249,711 to $274,703, while total sales volume spiked 17.3 percent, jumping from $108.62 million to $127.46 million. Of the homes sold in July, 53 percent were conventional loans and 27 percent were cash transactions.

Brunswick County

New Listings

  • July 2018: 515
  • July 2017: 549
  • Increase/Decrease: -6.2%

Units Sold

  • July 2018: 464
  • July 2017: 435
  • Increase/Decrease: +6.7%

Average Sale Price

  • July 2018: $274,703
  • July 2017: $249,711
  • Increase/Decrease: +10%

Total Sales Volume

  • July 2018: $127,460,000
  • July 2017: $108,620,000
  • Increase/Decrease: +17.3%

Bladen County

New Listings

  • July 2018: 12
  • July 2017: 14
  • Increase/Decrease: -14.3%

Units Sold

  • July 2018: 15
  • July 2017: 8
  • Increase/Decrease: +87.5%

Average Sale Price

  • July 2018: $115,920
  • July 2017: $123,609
  • Increase/Decrease: -6.2%

Total Sales Volume

  • July 2018: $1,740,000
  • July 2017: $988,870
  • Increase/Decrease: +76%

Columbus County

New Listings

  • July 2018: 48
  • July 2017: 14
  • Increase/Decrease: +242.9%

Units Sold

  • July 2018: 21
  • July 2017: 8
  • Increase/Decrease: +162.5%

Average Sale Price

  • July 2018: $97,992
  • July 2017: $123,609
  • Increase/Decrease: -20.7%

Total Sales Volume

  • July 2018: $2,060,000
  • July 2017: $988,870
  • Increase/Decrease: +108.3%

The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina.

The Association is a founding member of the North Carolina Regional Multiple Listing Service (NCRMLS), which features a comprehensive list of available properties for sale and general property information for southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.

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