Welcome to the Wilmington 2022 Mid-Year Report.
The southeastern North Carolina housing market continues to break records in the first half of 2022. Historically low inventory—coupled with robust population growth—has resulted in continued increases in sales price compared to the first half of 2021. Many listed homes are receiving multiple offers, especially ones under $500k, and going under contract well over asking price within the first few days on the market.
While new construction sales prices have increased, they have sold less compared to this time last year. They still have not reached the point of keeping up with demand. The largest increase in sales price is in the luxury home market, specifically for waterfront homes on the area’s beaches.
If you are interested in receiving more detailed data and help buying or selling in the Wilmington area, please do not hesitate to reach out to our office. We would love to work with you.
Please find the downloadable PDF version of our full Wilmington area Mid-Year Report here: Wilmington_MidYearReport_2022