We are thrilled to tell you that home sales are up this summer over last year sales. This is the hottest time for the market and it continues through the warmer months. The following numbers reflect sales within the Brunswick County MLS for June this year compared with last year. Some sales in Brunswick County are included in a neighboring MLS and may not be reflected in this analysis.
Single Family Sales -- Listings
• June 2014: 369
• June 2015: 443
• Change: 20.1%
Single Family Sales -- Units Sold
• June 2014: 228
• June 2015: 290
• Change: 27.2%
Single Family Sales -- Average Sale Price
• June 2014: $237,869
• June 2015: $278,440
• Change: 17.1%
Single Family Sales -- Total Sales Volume
• June 2014: $54,234,216
• June 2015: $80,747,730
• Change: 48.9%
Lot Sales -- Units Sold
• June 2014: 82
• June 2015: 78
• Change: -4.9%
Lot Sales -- Average Sale Price
• June 2014: $65,638
• June 2015: $99,711
• Change: 51.9%
Housing Starts surged in June, increasing 9.8 percent to 1.174 million units. May's figures were also revised higher. Building Permits, a sign of future construction, surged to a near 8-year high as well. It's important to note that the increase in Housing Starts mostly came from the multi-family construction sector, which can be volatile. Ground breaking for single-family homes had declined in every geographic region of the country with the exception of the South.
Overall, construction trends have recovered following the harsh winter earlier this year. The recent National Association of Home Builders (NAHB) Housing Market Index reading of 60 confirms this, as builder confidence has reached its highest level since November 2005. Readings over 50 show that more builders view conditions as good rather than poor.
NAHB Chairman Tom Woods noted, "As we head into the second half of 2015, we should expect a continued recovery of the housing market."
At Carolina Plantations we look forward to that and are ready and waiting to assist you with listing your home for sale or helping you find your next perfect property.