Is 2025 a good time to buy or sell on the Crystal Coast?
The first half of the year has revealed a dynamic and shifting real estate landscape across Carteret County. Here's what that means for buyers and sellers on the Crystal Coast:
Carteret County's months of inventory* is up 16.5% year-over-year. The market remains active and leans in favor of sellers with 4.8 months of inventory (for example, 6 months indicates a balanced market and 7+ months indicates a buyers' market). Median days on market have increased to 40 days (just over one month to sell) from 25 days last year. Since homes are taking longer to sell, buyers have a bit more breathing room compared to years past.
Average sale price* is down 2.7% to $571,063, suggesting some room for negotiation.
Median sale price* year-over-year is essentially flat at $460,000, meaning prices remain consistent for the average home.
Bottom line: while prices remain stable and demand is healthy, the market is experiencing longer timelines from list to close. Sellers should focus on accurate pricing and strategic presentation. Buyers may enjoy a bit more leverage than last year—especially with longer average days on market.
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*GLOSSARY:
Months of Inventory - the rate at which homes sell within a certain time period. Months of inventory of 4.8 months indicates that at the rate homes are currently selling, it would take 4.8 months to sell all currently available homes.
Average Sale Price - calculated by adding up all the sale prices of properties in Carteret County and then dividing that total by the number of properties sold. This figure provides a general sense of the market's price range, but can be skewed by outliers (extremely high or low sale prices).
Median Sale Price - the middle value of a set of home sale prices when arranged in ascending order. It indicates the point where half of the homes sold for more, and half for less, providing a more accurate measure of the typical home price.