You are here: Home Featured News December 2016 Home Sales Statistics
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December 2016 Home Sales Statistics

WILMINGTON, N.C. (January 9, 2016) December 2016 sales and listing data has been published by the Cape Fear REALTORS® and is now available here.

 

 

 

 

View the latest numbers by clicking here

Neal Johnson, 2017 CFR President responded to the data:

 

"Amazing is all I can say with regards to both the December 2016 month and year-end numbers for residential homes sales in the region.  2016 was a record-breaking year for real estate with 8,848 total sold units and $2,218,385,319 in total sold volume, these are the LARGEST numbers we have seen in 11 years for our region!  All key indicators were up dramatically when we compare 2016 to 2015.  We saw a resounding 18.74% increase in total sales volume, a 13.84% reduction in the days on the market, a 2.36% increase in the median sales price, and an impressive 19.2% increase in total unit sold.  The last time these amounts were reached was back in 2005 and we almost topped that number. 

It is simply staggering to see these year-end numbers.  It is very clear that our real estate market is robust and growing aggressively. If anyone is doubting that our real estate industry is back, just look at the numbers.  This is very promising for 2017 and proof that our region is a highly desirable place to live and work."

 

Numbers to note:

 

Jan – Dec 2015

Jan – Dec 2016

% Change Jan – Dec

Total Units Sold

7,423

8,848

19.20%

Avg. Sales Price

$250,244

$249,349

-0.36%

Median Sales Price

$204,190

$209,018

2.36%

Days on Market

110

95

-13.84%

New Listings

10,891

11,457

5.20%

 


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