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Rapid-fire Real Estate in April. Majority of homes in Brunswick County sell in 5 days or less.

Thanks to tight inventory and strong demand, homes sold in rapid-fire fashion in Brunswick County during April. A majority of homes sold spent less than five days on the market last month, and homes spent an average of 25 days on the market.

“Thanks to strong demand and a limited inventory of available homes, Brunswick County once again saw a strong seller’s market in April,” said BCAR CEO Cynthia Walsh. “Homes sold in rapid-fire fashion last month, with a majority spending five days or less on the market. Additionally, a number of homes sold for more than list price, likely a result of sellers receiving multiple offers. The combination of strong demand and limited inventory once again drove prices upward. Our market remains intensely competitive, and serious buyers would benefit from working with a professional REALTOR®.”

Brunswick County saw $217,860,000 in total sales volume in April 2022, a 4.6% decrease from last April’s $228,350,00. New listings dropped 7.1%, from 631 to 586, the lowest differential since the beginning of 2022. As of May 10, there were only 481 active listings. The number of units sold in April dropped 22.5% compared to last year, from 622 to 482, and 54% of the homes sold spent five days or less on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is one month. The average sales price increased 23.1%, from $367,127 to $451,993. Brunswick County’s luxury market remained strong in April, with 19 sales in excess of $1 million, including a $3.2 million sale on Bald Head Island and a $2.8 million sale in Holden Beach.

Year-to-date totals are following a similar pattern. Year-to-date sales volume through April is $774,220,000, down 2.4% from $793,649,429 last year. Average sales prices are 22.4% higher than last year, increasing from $359,971 to $440,574. The number of units sold through April is down 20.1%, from 2199 to 1757, and the number of new listings is down 16.9%, from 2438 to 2026. Year-to-date there were 73 sales in excess of $1 million, up from 44 at the same time last year.

Brunswick County Residential Real Estate Market Update - April 2022

New Listings

April 2022: 586

April 2021: 631

Increase/Decrease: -7.1%

Units Sold

April 2022: 482

April 2021: 622

Increase/Decrease: -22.5%

Average Sales Price

April 2022: $451,993

April 2021: $367,127

Increase/Decrease: +23.1%

Median Sales Price

April 2022: $379,450

April 2021: $295,000

Increase/Decrease: +28.6%

Total Sales Volume

April 2022: $217,860,000

April 2021: $228,350,000

Increase/Decrease: -4.6%

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