Spring Selling Season - Market Trends for New Hanover County

Here's just a quick snapshot of trends for New Hanover County,  looking at single family homes sales:

January 2014:    206

February 2014:  235

March 2014:      285

The number of home sales rose 21.3 % just between February and March.   

How's April doing so far?   

As of 20 April, with 10 days left in the month, 161 single family homes have sold.  If sales remained steady at the pace set by the first three weeks, it would seem April sales would end up being stronger than February, but not as good as March.   

BUT, check out how many contracts are currently pending -- 332!  Not all of these contracts will go through, of course--and many won't finalize until May--but April should finish strong, and May looks promising as well.

Here are some more interesting facts…

                     Average selling prices:           Median price:           Average Sq Ft Price

January:       $250,000                                 $188,000                   128

February:     $257,000                                 $210,000                   132

March:         $248,000                                 $195,000                   135

Average continuous days on the market before a house sells was 124 days in March.