Pender County - July 2024
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In July, the real estate market exhibited notable changes with a 12% year-over-year decrease in active listings, alongside a 8% decline from the previous month, signaling a tightening for buyers. The median listing price was positioned just under $560,000. The market showed stability in turnover, with no change in the average days units spent on the market before selling compared to last year. Despite this, the median sales price reached just over $420,000. There was a significant decline in sales volume, with units sold decreasing 9% year-over-year and 25% month-over-month. These figures suggest that while inventory has contracted compared to last year and recent months, buyer activity has also slowed considerably, potentially creating opportunities for buyers to negotiate better terms in a less competitive environment.
