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Real Estate - Residential

In September, More Homes Sold With Fewer Days On Market

By Cece Nunn, posted Oct 11, 2016
While the number of units increased in September compared to the same month last year, the days on market continued to decrease for homes sold in New Hanover, Pender and northern Brunswick counties, according to statistics released Tuesday afternoon.

The number of homes sold increased by about 11 percent, from 698 in September last year to 775 last month, show numbers from the Wilmington Regional Association of Realtors, compiled from the N.C. Regional MLS.

Median and average sales prices dipped slightly, while total dollars from home sales during the month increased by more than $16.5 million.

New listings increased by 76, from 825 in September 2015 to 901 last month, according to WRAR. The figures also show days on market decreasing from 103 last September to 88 last month, for a more than 14.5 percent decrease.
 
September home sales in the Wilmington area
Units sold Avg. sales price Median sales price Total dollars Days on market  New listings
2015: 698 $248,336 $214,125 $173,338,654 103 825
2016: 775 $245,015 $206,250 $189,887,356 88 901
11.03% -1.34% -3.68% 9.55% -14.56% 9.21%




 
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