What's Happening with Wilmington Real Estate?

How much would your Wilmington home sell for in today's market? 

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This year, 678 homes sold in August, which is an 8 percent increase over August of 2014. The median sales price increased by 3.1 percent to $218,850. On average, a Wilmington home spent 105 days on the market, which is consistent with the days on market we saw in August of 2014.

Additionally, 914 new listings came on the market in August. We currently have 6.8 months of inventory. This places Wilmington in a balanced, or neutral, market. However, you could find yourself in a seller's market in certain price ranges.

If you have any questions about today's video or the market in your particular area, give me a call or send me an email. I would be happy to help you!