Have a Question? Ask & We'll Answer It With A Video

Friday, June 19, 2015

What Does the Wilmington Real Estate Market Look Like?


Want to buy a Wilmington Home? Search all homes for sale.

If you're looking to buy or sell a home this summer, then you're in luck. I'll be covering what happened from January 2015 until May 2015. 
  • Sold properties increased by 11.38%
  • There are 3,170 active properties
  • The average list price is $402,000
  • The average sale price came out to $242,207, which was an increase of 4.78%
  • The sweet spot in the market with the most demand is in between the $150K to $250K range
  • We also only have 4.91 months of inventory, which is rather low
  • The entire city of Wilmington only has 5.4 months of inventory, which is also very low
  • Interest rates are also beginning to pick up, so if you've been waiting to buy, then now may be a perfect opportunity


If you have any further questions, please don't hesitate to contact me. I would love to help you find a good home in Wilmington.