You are here: Home Updates & Electives Consumers Site Buyers and Sellers February 2017 Home Sales Statistics
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February 2017 Home Sales Statistics

WILMINGTON, N.C. (March 10, 2017) February 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 (New Hanover, Brunswick & Pender)

 

Neal Johnson, 2017 CFR President responded to the data:

 

"Our real estate market continues to impress me month after month. The February 2017 Housing sales statistics are in, and yet again our area knocked it out of the park.

February 2017 ending with 1,160 total units sold YTD and compared to the same time last year that is a whopping 20.83% increase. I see improvements and positive numbers across the board on our stats. The median sales price soared up 4.44% to $201,025 in February 2017 when compared to February 2016. The total dollar value of homes sold for the month is mind blowing, a 10-year high for a February with $138,320,401 in total dollars for February 2017. We haven’t seen numbers close to this since 2006.

The days on the market (DOM) for February 2017 dropped 13.76% to 94 days when compared to February 2016 with 109 DOM. Looking at New Hanover County, there is a very low supply of homes, a 3.69 month supply for February 2017. This is dramatically down 27.65 % from February 2016. This low absorption rate is an excellent indicator that we are still in a seller’s market. Growth and development are strong for our area, and the real estate market is a key indicator of just how strong it is.

All this data should be great news for homes sellers and those who are wondering if now is a good time to list their home for sale. Contact a REALTOR today if you are interested in selling your home.”

Numbers to note:

 

Jan – Feb 2016

Jan – Feb 2017

% Change Jan – Feb

Total Units Sold

960

1,160

20.83%

Avg. Sales Price

$236,393

$241,521

2.17%

Median Sales Price

$192,479

$201,025

4.44%

Days on Market

109

94

- 13.76%

New Listings

1865

1999

7.18%

 

 


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You are here: Home Updates & Electives Consumers Site Buyers and Sellers February 2017 Home Sales Statistics