Print
Real Estate - Residential

In Wilmington Area, April Home Sales Up 20 Percent

By Cece Nunn, posted May 12, 2016
The amount of homes sold in the Wilmington area increased by nearly 20 percent in April compared to the same month last year, according to the latest statistics from local Realtors.

"Real estate continues to be a solid investment in our area," said Don Harris, president of the Wilmington Regional Association of Realtors, in a news release on the April numbers released this week. "Mortgage interest rates continue to remain at historic lows, so now is the time to get off the fence and participate in one of the greatest freedoms we have - private property ownership."

The median sales price of homes increased slightly, from $201,500 in April 2015 to $210,000 last month, while the average price showed a small decline, from about $249,000 to about $239,000, the WRAR's numbers show.

"In a month-to-month view, we are seeing a slight increase (6.63%) in units sold from 724 in March 2016 to 772 in April 2016. The Days on Market continued to drop as well from 107 in March 2016 to 94 days in April," the release said.

The last time the number of units sold jumped past 700 during the month of April was in 2005, when 774 houses were purchased, according to WRAR records.
 
April home sales in the Wilmington area
Units sold Avg. sales price Median sales price Total dollars Days on market  New listings
2015: 644 $249,138 $201,500 $160,444,841 121 1161
2016: 722 $238,723 $210,000 $184,294,458 94 990
19.88% -4.18% 4.22% 14.86% -22.31% -14.73%

 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Dave sweyer 300 x 300

Insights into the 2023 Leasing Market in Wilmington, NC: What You Need to Know

Dave Sweyer - Sweyer Property Management

Trending News

Intracoastal Angler To Grow With Two New Hampstead Stores

Emma Dill - Apr 30, 2024

Coyne Returns To Law Firm's Wilmington Office

Staff Reports - Apr 30, 2024

Wilmington-based Fishing App Wins NC IDEA Grant

Audrey Elsberry - Apr 30, 2024

Apartment Plans Move Ahead On Wooster Street

Emma Dill - Apr 29, 2024

Design-build Firm Welcomes Falvey As Director

Staff Reports - Apr 30, 2024

In The Current Issue

Leland Eyes Commercial Growth

As Leland’s residential development booms, town leaders are taking steps to ensure that land zoned for commercial development meets its full...


CEA Manufacturing & Distribution Winner: Partners Generate Powerful Solution

Greenfield Energy officials want their company to address the challenges of an unpredictable coastal climate. As a result, they tested their...


CEA Retail & Hospitality Winner: Marketing Mead To The Masses

As Southeastern North Carolina’s only commercial mead maker, Retro Meadery has given many local customers their first taste of mead – a ferm...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season