2019 is now more than halfway over and we are excited to release our 2019 Wilmington Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
Overall, total sales in the Wilmington area real estate market decreased as prices rose and inventory levels declined.
QUICK TAKEAWAYS
- Total sales decreased more than 4% year-over-year across the Wilmington MSA in the first half of the year, dropping 4.1% from 3,452 in 2018 to 3,311 in 2019.
- The median sales price in the first half of 2019 was $260,000 compared to $254,415 in 2018, a 2.2% increase.
- In the Wilmington MSA, average days on market decreased 13.5% to 64. New Hanover County had the lowest average days on market within the Wilmington MSA at 61 days.
Be sure to check out the full 2019 Wilmington Mid-Year Market Report here for more info on how the market performed in the first half of the year.
Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.
Have questions? Contact your Nest Broker today.