3296 St. James Drive

Southport, NC 28461

910-553-4489

info@threeriversrealtync.com

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Taking the Pulse of the Real Estate Market


Is it the right time to buy real estate in southport north carolina

Wondering if this it the right time to buy or sell? This will answer that question for you.

The real estate market in the Southport-Oak Island area is strong, with realistic pricing and a reduced time on the market. Consider this yardstick measuring the current inventory:

In Boiling Spring Lakes, there are only 23 homes on the market; the absorption rate shows that current inventory will last only 4 more months, at the current pace of 6.5 homes sold per month. Currently, there are 17 homes under contract.

In St James, there are 128 single family homes + condos on the market; the absorption rate shows that the current inventory will last only 8 more months, at the current pace of 17 homes sold per month. Currently, there are 35 homes under contract.

On Oak Island, there are 284 single family homes + condo on the market; the absorption rate shows that the current inventory will last only 7 more months, at the current pace of 42 homes sold per month. Currently, there are 54 homes under contract.

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