May 2025 Market Report

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• The real estate market data for the current period shows a Months Supply of Inventory of 4.88, indicating a balanced market where supply and demand are relatively equal. However, when looking at the 12-Month Change in Months of Inventory, we see an increase of 85.55%, suggesting a potential shift towards a buyer's market with more inventory available.
•  The Median Days Homes are 0n the Market is 83, which is a moderate amount of time for a home to sell. This metric can provide insight into the level of competition and buyer interest in a particular area.
• The Sold to List Price Percentage is 95.1%, indicating that on average, homes are selling for slightly below the listing price. This could be due to negotiating power for buyers or market conditions favoring lower offers.
  
• Lastly, the Median Sold Price is $276,250, providing a snapshot of the average price at which homes are selling in the current market. This information can be useful for both buyers and sellers in determining fair market value.
  

Overall, these metrics paint a picture of a dynamic real estate market with some fluctuations in inventory levels and pricing. Buyers may find opportunities in the slightly longer time homes are on the market and lower list-to-sold price ratio, while sellers may need to be strategic in pricing and marketing their homes to attract buyers in a competitive market. 

:​Median Home Prices:

• The median listing price was $360,000, reflecting a 2.9% increase compared to the previous year.  
• The median sale price stood at $237,000, marking a 17.1% decrease year-over-year. ​ 

Market Activity:

• Homes spent a median of 59 days on the market, an increase from 38 days in the same period last year.   

Market Dynamics:

• The sale-to-list price ratio was 94.8%, indicating that homes sold for approximately 94.8% of their listing prices. ​Redfin 

These statistics provide an overview of the current state of the housing market in Beaufort County, NC.