SUPPLY, N.C. — The residential housing market in Brunswick, Bladen and Columbus counties saw a slight increase in activity during May 2015 compared to the same period in 2014, according to statistics released today by the Brunswick County Association of REALTORS®.
“These latest figures emphasize the fact that the real estate market in Brunswick, Columbus and Bladen counties is moving forward,” said Cynthia Cumbie, interim CEO of the Brunswick County Association of REALTORS®.
“In Brunswick County, it’s noteworthy that the percentage of units sold increased more than 14 percent, even though there was a slight decrease in the number of listings,” Cumbie said.
Total sales volume also increased 14.3 percent, although Brunswick saw slightly fewer sales in May than April — the first time in 2015 the county did not improve on the previous month’s sales. New listings also showed a slight decrease over April.
“There are definite pockets in Brunswick County that have very low inventory right now,” Cumbie explained, noting that months of inventory is down to four months in Boiling Spring Lakes, while days on the market – 160 — is average for 2015. Months of inventory statistics are similar in the Shallotte area.
The number of sales of distressed lots dropped significantly, from 18 to 3 in a year’s time. Cumbie emphasized that the decrease is a positive sign and could mean good news for future land and home sales.
Brunswick County Only
Single Family Sales — Listings
- May 2014: 438
- May 2015: 421
- Change: -3.9%
Single Family Sales — Units Sold
- May 2014: 196
- May 2015: 224
- Change: 14.3%
Single Family Sales — Average Sale Price
- May 2014: $250,943
- May 2015: $245,431
- Change: 0%
Single Family Sales — Total Sales Volume
- May 2014: $49,090,540
- May 2015: $56,095,150
- Change: 14.3%
These numbers reflect sales within the Brunswick County MLS. Some sales in Brunswick County are included in a neighboring MLS and may not be reflected in this analysis.
