Buying a home in New Hanover County (NHC) remains a major challenge, despite a slight improvement at the start of 2025. The county’s Difficulty Index fell to 85.6 in January, down from 86.1 in December, yet it remains at its second-highest level in the past five months.
Why It Matters: Homebuyers in NHC continue to face stiff competition, high costs, and economic uncertainty, making it one of the hardest markets in the country. The county ranks as the second most difficult place to buy a home in North Carolina—trailing only Jackson County in the western part of the state—and the 18th most difficult nationwide.
By the Numbers:
- Competition Index: Climbed to 99.2 in January, up from 97.7 in December, marking the eighth time in the last nine months the index has exceeded 99.
- Economic & Market Volatility: Increased to 87.1, up from 82.2 in December, reaching its highest level in four months.
- Cost Index: Rose to 85.4, up from 84.4 in December, the highest level in the last five months.
- Scarcity Index: Improved significantly, dropping to 62.3 from 74.7 in December—indicating a slight easing in inventory constraints.
The Big Picture: The primary factor keeping NHC’s housing market challenging is competition. Even as inventory levels show signs of improvement, the number of buyers vying for homes and the aggressiveness of demand continue to drive up difficulty levels.
Yes, But: While the Difficulty Index is down from the record-high 90 reported last July, it remains elevated, reflecting the persistent struggles of homebuyers in the county.
Bottom Line: Until competition and costs ease further, purchasing a home in NHC will remain a tough endeavor.
