February 2025: New Hanover County Residential Real Estate Market Update

New Hanover County Real Estate Market Update – February 2025 🌟🏡

Are you curious about the latest real estate trends in New Hanover County? Whether you're buying, selling, or just keeping an eye on the market, the February 2025 data reveals exciting insights into this dynamic area. Let’s take a closer look at the key statistics shaping the market! 📊✨

Key Market Highlights 📈

The New Hanover County real estate market has seen some intriguing shifts over the last three months. Here’s what the numbers reveal:

Active and New Listings

Active Listings: February 2025 recorded 1,002 active listings, a significant increase of 16.65% compared to February 2024. This growing inventory offers more options for buyers while reflecting a healthy market.

New Listings: February saw 520 new listings, a remarkable 24.40% increase from last year. This surge provides fresh opportunities for buyers and sellers alike!

Pending and Closed Sales

Pending Sales: February recorded 362 pending sales, a slight decrease of 2.16% from February 2024. This reflects a stable and competitive market.

Closed Sales: February achieved 256 closed sales, down 16.61% compared to last year, indicating a slight cooldown in finalized transactions.

Pricing Trends 💰

Median Sales Price: The median sales price in February 2025 rose to $435,902, a modest 0.67% increase compared to February 2024. This steady growth highlights the resilience of home values in New Hanover County.

Average Cumulative DOM (Days on Market): Homes spent an average of 69 days on the market, an increase of 18.97% compared to last year. This indicates buyers are taking a bit more time to evaluate their options.

Inventory Levels 🏘️

Month’s Supply of Inventory: February’s inventory supply rose to 3.91 months, a significant 39.64% increase from last year. This uptick signals a more balanced market, giving buyers and sellers equal footing.

5-Year Trends 📅

Over the past five years, New Hanover County has experienced consistent growth in both median sales price and total sales volume. This long-term upward trend reflects the area’s growing popularity and the increasing value of properties in this vibrant market.

Why New Hanover County is a Hot Spot 🔥

With rising active listings, steady median sales prices, and a balanced inventory, New Hanover County remains a sought-after market. Whether you're looking to sell your home or invest in this thriving area, now is the time to act.

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A reliable source for real estate market data provided by Cape Fear REALTORS®, compiled from NCRMLS.