Residential properties are going under contract in a matter of days after hitting the market, as real estate inventory dips even lower and demand remains strong. (Port City Daily photo/Johanna F. Still)

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.

Related: Amid rough economic year, local residential real estate market had a red-hot 2020

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…

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