Want to buy a Wilmington Home? Search all homes for sale.
We're here today with a quick market update for the Wilmington area.
The summer market in the Wilmington area has continued to show some solid growth this summer. In the month of June, New Hanover, Pender, and Northern Brunswick counties saw a 15% increase in the number of homes sold. With 934 units sold in June, the Wilmington Regional Association of Realtors statistics showed that last month was the strongest June for the area in more than a decade, when about 1,000 homes sold in June 2005.
“
”
The market in our area continues to be very strong.
”
This follows a 21% jump in year over year sales in May since May of 2015. Though our average sale price hasn’t seen much of a change, our median sale price has increased 3.1%, with an 18.7% increase in the number of units sold since June of 2015. Our days on market has decreased by over 13% since last year, sitting at just 103, while the number of new listings has increased 2.9%. Demand is high right now and the market in our area continues to be very strong.
Keep in mind that these numbers are a just an overall snapshot of the Wilmington market. If you’re thinking of selling your home and would like a more specific, accurate idea of what it may sell for, your best bet would be to meet with a real estate agent.
If you’ve got any questions about what’s going on in the Wilmington real estate market this summer, feel free to shoot me an email at andy@andyrichardsonrealestate.com, or text me at 910-233-5166. I’d be happy to help you.
