The first half of the year seems to have come and gone in a flash. Perhaps, that’s because the Wilmington real estate market has been so active. We are excited to release the Wilmington 2017 Mid-Year Nest Report, summarizing all that’s happened in our region this year. All key metrics indicate that our market is quite strong and performing very well. Total sales and prices have continued their upward trend, while inventory levels are declining. Current market conditions are highly favorable for sellers and competition amongst buyers has been quite fierce in particular parts of the region. Continue reading for more highlights from the first half of the year and be sure to read the full Wilmington 2017 Mid-Year Nest Report to learn more about the real estate market in New Hanover, Pender, and Brunswick counties.
Wilmington MSA
- Total sales rose 7% year-over-year from the first half of 2016.
- Median sales prices rose from $232,000 to $246,000.
- There were 3.3 months of inventory available at the end of June.
New Hanover County
- Total inventory levels declined 8% compared to the same time last year.
- Attached home sales and condo sales both increased by more than 15% year-over-year.
- Average days on market dropped to 74 days.
Have questions? Be sure to contact your Nest broker today to learn more and find out what this report means for you.