Slight cool-down continues, latest Cape Fear real estate trends show

The Cape Fear cool-down continues after an unruly spring and summer residential real estate season. (Courtesy RODNAE Productions)

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.

RELATED: Residential real estate inventory hits record low in a frenzied sellers’ market

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…

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