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November 2023 Market Stats

November 2023 local stats are out!

Latest Real Estate Update! U.S. new residential home sales dipped 5.6% month-over-month but surged 17.7% year-over-year due to low existing-home inventory. Median sales price declined 3.1% to $409,300 as builders focus on affordable, smaller homes. In Cape Fear, Pending Sales for Dec ’22 – Nov ’23 fell 18.3%, with $450,001+ range down 11.5%. Median Sales Price rose 5.0% to $398,900. Townhouse/Condo prices soared 6.2% to $339,900. Homes priced $150,001 to $300,000 sold quickest (34 days), while $450,001+ took 53 days. Market-wide, inventory down 2.8%, with Condos inventory up 16.1%.

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

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