SOUTHEASTERN N.C. –– The voracious appetite for new listings in the Cape Fear region has slightly relaxed after months of relentless buying pressure.
Across the tri-county region — New Hanover, Pender, and Brunswick — residential real estate markets are collectively seeing year-over-year dips in closed and pending sales and new listings, according to Cape Fear Realtor. The organization released September trends on Monday.
Importantly, the slight cool-down isn’t enough to swing the pendulum back to a buyer’s market: Inventory remains dead low and prices continue to creep up.
Compared to September 2020, closed sales last month were down nearly 17%, pending sales were down about 12% and new listings were…