Wilmington Housing Market Sees More Listings, Higher Prices in March
The Wilmington metropolitan statistical area housing market showed increased inventory and rising prices in March, according to data shared by Intracoastal Realty. Active listings rose approximately 10% year over year, while new listings increased roughly 8% over the same period.
Closed sales were up about 7% compared to the previous year, though pending sales declined approximately 14%. The median sales price reached $420,000, a roughly 5% increase year over year. The average days on market stood at 81, with months of supply at 3.98.
The figures suggest a market with more options for buyers than a year ago, while home values continue to climb. The supply level of just under four months remains below the six-month threshold generally considered a balanced market between buyers and sellers.