March 2024 local stats are out!

Great news! Although there was a slight dip in U.S. sales of new residential homes, it’s the first decline in three months, showing a stable market overall. Sales dipped just 0.3% month-over-month, but compared to last year, they’re up by a solid 5.9%! Even better, the median sales price softened, dropping 7.6% year-over-year to $400,500, making homes more affordable for buyers. In Cape Fear, pending sales saw a decrease of 22.0% over the past year, but there’s still plenty of positivity to go around. Despite some declines in certain price ranges, the overall median sales price increased by 2.3% to $399,000, with single-family homes leading the way with a 2.4% price increase. Plus, there’s more inventory available, up by 9.6%, especially in the condo segment, which saw a whopping 30.7% increase. It’s an exciting time for buyers and sellers alike!

Now may be the best time to sell your home!

Call today to speak with an Essential agent! (910) 777-2700 or visit www.remaxessential.com.