Residential Real Estate

September 2026 Housing Market Update: Prices rise as inventory expands and sales slow

By Staff Report, posted 56 minutes ago

Longleaf Pine REALTORS® today released its September 2026 housing market statistics, providing a current look at residential real estate activity across southeastern North Carolina. The latest data reflects expanding inventory and continued price growth, while pending sales and completed transactions declined from a year ago.

Key Market Statistics - September 2026

  • Total Closed Sales: 543 (down 9.7% year over year)
  • Pending Sales: 541 (down 4.9% year over year)
  • Median Sales Price: $299,995 (up 3.6% year over year)
  • Average Sales Price: $315,043 (up 6.4% year over year)
  • Active Inventory: 2,681 homes (up 11.6% year over year)
  • Months of Supply: 4.3 months
  • Average Days on Market: 65 days (up 12.1% year over year)
  • New Listings: 755 (down 8.4% year over year)

Market Interpretation

September's data points to a regional housing market with more available inventory and a slower sales pace than last year. Closed sales declined 9.7%, while pending sales decreased 4.9%. Active inventory grew 11.6%, giving buyers more choices. The average time from listing to accepted offer rose to 65 days, up from 58 days last September.

Compared with August, September brought fewer new listings, pending sales, and completed transactions. Using the updated August counts shown in the September report, closed sales declined from 615 to 543, pending sales decreased from 591 to 541, and new listings fell from 894 to 755.

Prices posted year-over-year gains overall. The median sales price increased 3.6% to $299,995, while the average sales price rose 6.4% to $315,043. Sellers received an average of 98.0 percent of their most recent list price, compared with 98.3% a year ago. This measure does not account for seller concessions.

Market performance varied by property type. Existing single-family homes recorded 409 closed sales, down 6.6% from last year, with a median sales price of $280,500, up 5.8%. Single-family new construction posted 115 closed sales, down 12.2%, with a median sales price of $359,896, up 4.6%. Townhouse and condominium sales declined 40.6% to 19, while the monthly median sales price decreased 14.9% to $163,000. With only 19 closings, this segment’s monthly price changes should be interpreted cautiously.

Inventory growth continues to give buyers more choices. The region ended September with 2,681 homes for sale, up 11.6% from last year and representing a 4.3-month supply. Inventory increased 17.1% among existing single-family homes and 5.6 percent in single-family new construction, while townhouse and condominium inventory declined 10.1%.

Despite slower sales activity in September, year-to-date totals remained close to last year's levels. Through September, closed sales were down 1.1% to 5,647, pending sales declined 1.0% to 5,859, and new listings decreased 0.7% to 8,373.

The Housing Supply Overview’s rolling 12-month figures also show differences across price ranges and property types. From October 2025 through September 2026, pending sales declined 1.3 percent overall but increased 4.5% in the $350,000-and-above range. The rolling median sales price increased 1.7% to $299,900, while townhouses and condominiums posted the largest price gain by property type, rising 20.2% to $210,950. Homes priced from $150,000 to $249,999 reached an accepted offer fastest, averaging 47 days, while properties priced at $350,000 and above averaged 76 days.

Local Market Highlights

County-level results continued to underscore how differently the market is moving across the region.

Cumberland County: Existing single-family pending sales increased 4.1% year over year to 230, while closed sales decreased 6.7% to 238. The median sales price increased 2.9% to $255,000.

Hoke County: Existing single-family closed sales increased 5.0% to 42, while the median sales price rose 8.0% to $299,700. These homes took longer to reach an accepted offer, averaging 52 days on market compared with 27 days a year ago.

Robeson County: Existing single-family pending sales declined 35.1% to 24, while closed sales decreased 22.6% to 24. The median sales price nevertheless increased 9.8% to $217,450.

“Finding home is about more than a price tag—it’s a morning on the porch or room to gather with family,” said Candi Quigley, president of Longleaf Pine REALTORS®, in a press release. “With more homes available than a year ago, September offers buyers more possibilities. Our REALTORS® help buyers find the right fit and sellers position their homes to stand out.”

Source: Longleaf Pine REALTORS® September 2026 Monthly Indicators, Housing Supply Overview and county Local Market Updates. Data as of October 10, 2026. Comparisons are year over year unless otherwise stated. August sales and listing counts are those shown in the September report. Rolling 12-month figures are from the Housing Supply Overview.

 

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