You are here: Home Featured News March 2017 Home Sales Statistics
facebook  twitter  linkedin  vimeo  flickrpink  youtube  WRAR on Instagram  WRAR on Google Plus

March 2017 Home Sales Statistics

WILMINGTON, N.C. (April 10, 2017) March 2017 sales and listing data has been published by the Cape Fear REALTORS® and is now available here.

 

 

View the latest numbers by clicking here
View county data:

Pender County
New Hanover County
Brunswick County

Neal Johnson, 2017 CFR President responded to the data:

“It's up, up and away. CFR’s March 2017 residential MLS local market statistics have taken off higher across all categories.

Home sales units were up 59.46 % from last month, and home sales units leaped to a new historical high of 893 units sold for the month of March. March 2016 vs. August 2017 showed a dramatic 27% increase in total units sold and a 32.78% increase total sales volume, marking another new historic high for the month of March. There an increase of 4.9% median price to $215,000, with a continued drop of %15.89 fewer days on the market (DOM).

January 2017 to March 2017 vs. January 2016 to March 2016 experienced an impressive 23.99% increase in total units sold, with a commanding 27.53% increase in total sales volume, and a significant reduction in days on the market (DOM) of - 14.46%, now at 93 days.

Inventory remain the main issue. Absorption rates are continuing to decline in New Hanover County down 25.35%, Pender County down 30.9% and Brunswick County at 16.3% from March 2016.

Now is a perfect time to sell your home, contact your local REALTOR® today to find out what your home is worth.”


Numbers to note:

 

Jan – Mar 2016

Jan – Mar 2017

% Change Jan – Mar

Total Units Sold

1,663

2,062

23.99%

Avg. Sales Price

$239,173

$246,056

2.88%

Median Sales Price

$196,373

$205,183

4.49%

Days on Market

108

93

- 14.46%

New Listings

3117

3,266

4.78%

 


sponsored by:

OnQWilmingtonBLK

 

 

 

 

You are here: Home Featured News March 2017 Home Sales Statistics