New Hanover County Market Update | June 2023

New Hanover County Market Update | June 2023

  • Samantha Benford
  • 07/17/23

Key notes-

  • New Listings, Pending Sales, and Closed Sales have decreased with the exception of Townhouse/Condo Pending Sales.
  • The Median & Average Sales Price for Single Family Homes have increased while Townhouse/Condo have slightly decreased.

U.S. Market Recap

  • Mortgage rates trended higher last week following the release of data that suggested economic resilience. Home price indices revealed conflicting data. New home sales soared in May, mortgage application submissions increased two weeks ago, jobless claims fell, and the Q1 GDP estimate decreased. Pending home sales fell in May, and core inflation was largely as expected. 

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