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Today I'll be providing a brief real estate market update for our local area. I want you to know what type of market you're getting into here in Wilmington.
In June, the numbers jumped to the highest levels we've seen in nine years. We actually saw a 28% increase in sales over last year. We sold 802 homes this June, compared to 624 last year.
Sales have also increased by 22% since just this May!
The average sale price in June was $258,000 and the median sales price was $210,000.
If you've been looking to buy a home, now is a great time because interest rates are very low. Affordability is high right now, but it will be declining soon with a rise in interest rates looming over the horizon.
Overall, now is a great time to be buying or selling in Wilmington. Please contact me if you need assistance with any and all things related to real estate.
