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March 2022 housing and real estate market statistics for the Brunswick County, North Carolina Region

Realtor st james plantation nc, oak island, nc

Highlights from the March 2022 Brunswick County local housing and real estate market update:

  • Home, Condominium and Town-home inventories increased drastically
  • Closed home sales and pending home sales increased from last month
  • The average “Days on Market” has increased
  • Brunswick County, NC home prices saw a slight decline

Explanation Please!

While many are skeptical about the current real estate market and where it’s heading, we have some insight to share with you.

Brunswick County, NC March 2022 real estate market statistics are in! While they were a little shocking, I admit we have to remember this is common for this time of the year. Spring is here, and in the real estate market spring is known as “Listing Season”. Numbers jump up drastically from the start of the year and then level out as home inventories either increase or decrease according to home buyer demand. After this happens we will know what we are looking at as far as the market goes.

Some will say, well that does not help!

We know. But what the numbers are signaling is that home prices are dropping slightly, for now. Homes are staying on the market for a longer period, and we still have more inventory coming on the market. How long this inventory will last is the big question. In some cases, homes are not staying on the market for more than twenty-four hours, and in others lasting more than 30 days on the market.

So what is causing this big gap of homes and days listed for sale on the real estate market? While there are a couple of theories out there, there are only a few we believe in. The first one is that the current buyers in the Oak Island, NC real estate market are experienced, know what they want, and are willing to pay for it, causing the short time frame on the market. Another theory is homeowners are seeing the sky-high prices that homes are selling for and essentially getting greedy. Pushing the listing prices of homes way above the already high prices, resulting in homes sitting on the market. All indicators are forecasting that we are in for another great year for home sellers and at the same time another tough year for home buyers!

Southport Oak Island Realty Group, your local realtor, is here to help you and guide you through this tough real estate market and make the best of 2022!

Contact us today for all of your real estate needs today!