Infographic: Change In Home Sales By Price Range

Recently, this infographic was shared outlining the changes in year over year homes sales based on price range.

Change-In-Home-Sales-KCM

To highlight some of the data:

  • Home Sales are up year-over-year in the top 4 price ranges and only slightly below last year’s numbers in a fifth.
  • A lack of distressed property inventory has led to a slow down in sales in the under $100K price range.
  • As home prices continue to rise, there will be less homes available for sale in the lower ranges

This data was collected from NAR 1/2016 and reflects a comparison for home sales in 2015 nationally as prepared by the National Association of Realtors.

We compared these numbers to our local markets in New Hanover and Brunswick County and here is how our home prices measure up to the national averages.

For New Hanover County only, when comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15:

  • Home Sales are up year-over-year in all 5 price ranges, which is outperforming the national average.
  • For the $100-250K and $500-750K price ranges, home sales are seeing a double-digit percentage of increase
  • For the $250-500K and the $1M+ price ranges, home sales have increased more than 25% when compared to the prior year
Change in Home Sales By Price Range New Hanover

When comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15 for the entire region of WRAR (Wilmington Regional Association of Realtors):

  • Home Sales are up year-over-year in all 5 price ranges, which is outperforming the national average.
  • The $100K and under price range is showing the smallest increase with less than 1 percent.
  • For the $100-250K and $750-1M price ranges, home sales are seeing a double-digit percentage of increase.
  • For the $250-500K and the $500-750K price ranges, home sales have increased more than 20% when compared to the prior year.
  • In the $1M+ price range, home sales have increased greater than 30%
All of WRAR Change In Home Sales By Price Range Single Family Home 01.2016

When comparing 1/1/14 through 12/31/14 to 1/1/15 through 12/31/15 for the entire region of BCAR (Brunswick County Association of Realtors):

  • Home Sales are up year-over-year in all but one price range where the home sales price was under $100K
  • For the $100-250K and $500-750K price ranges, home sales are seeing a double-digit percentage of increase.
  • For the $250-500K and the $750-1M price ranges, home sales have increased greater than 30% when compared to the prior year.
  • In the $1M+ price range, home sales have increased greater than 120% over 2014.
Change in Home Sales By Price Range BCAR 1 2016

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