Latest New Hanover County NC Real estate data = Strong Market
While the national real estate bust hit New Hanover County real estate later than much of the country…it packed a powerful punch when it did arrive. And for the past few years it hasn’t been pretty. Well…recovery is in action right now. The New Hanover market is strong and recovering with buyers, seller and realtors busier than they have been in years.
More Homes Sold in New Hanover County than past 2 years
This is perhaps most interesting of all–the fact that the number of sold homes is the highest it has been in years. Buyers have been on the fence and now realize that if they wait another year to buy they are going to be sorry.
Average Days on Market Trending Downwards
Lowest # of Foreclosures in years
The months of inventory of New Hanover County foreclosures is the lowest it has been in almost 2 years. Will it hold steady or are national rumors of banks dumping a bunch of foreclosures on the market true? Time will tell.