SOUTHEASTERN N.C. — Months supply has reached a record low in New Hanover County, as a frenzied sellers’ market eats up available inventory within days of listing — regardless of price point.
The region has had a low inventory problem for years, but the pandemic exacerbated an already insatiable demand for homes.
Inventory is as low as area experts have ever seen it. “It physically really can’t get any lower,” said Tom Gale, president of Cape Fear Realtors. “We’ve gone off the deep end at this point.”
A new dynamic
A measurement of how long it would take the market to consume all available properties if no…