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November 2016 Home Sales Statistics

WILMINGTON, N.C. (December 12, 2016) November 2016 sales and listing data has been published by the Cape Fear REALTORS® and is now available here.

 

http://www.wrar.com/home-sales-stats-buyers-and-sellers-menu/resid-mls-stats-buyers-and-sellers-menu.html

Don Harris, 2016 CFR President responded to the data:

“It looks like 2016 will end on a very positive note, being one of our best years for sales volume and units sold in over ten years. For January – November 2016 vs. the same period of 2015 we are up over 19% in total units sold. We are now at 95 Days on Market, down 14.36%. The median price is up over 2%, and total sales dollars are up over 19%, at over $2 billion dollars!

The rebound is continuing, and 2017 could be an even better year for our real estate market. Mortgage rates are creeping up but are still near historic lows. Some loans require as little as 3 % down. Making this market a great time to sell or buy.”

Numbers to note:

 

Jan – Nov 2015

Jan – Nov 2016

% Change Jan – Nov

Total Units Sold

6,784

8,075

19.03%

Avg. Sales Price

$248,497

$248,272

-0.09%

Median Sales Price

$203,116

$207,892

2.35%

Days on Market

111

95

-14.36%

New Listings

10,315

10,680

3.54%