In August 2024, the Wilmington housing market saw 3,299 active listings, a 45.3% increase compared to August 2023. Over the past seven months, listings have steadily risen, with a 1.9% increase from July 2024. Brunswick County led with 1,902 listings, followed by New Hanover (1,050) and Pender County (351). Closed sales also grew by 4.5%, reaching 1,068.
However, new listings dropped to 1,256, down 1.2% from July, while pending sales decreased by 6.1% to 1,011. The median sales price rose to $415,721, a 3.9% increase from July. Inventory levels are up, with 3.09 months of supply, indicating a seller’s market, while homes stayed on the market for an average of 57 days.
CFR President Amanda Parmer noted that the rise in housing inventory offers more choices for buyers, with 33% of the inventory being new construction. REALTORS® play a crucial role in guiding both buyers and sellers through these market shifts. Despite fluctuations, the Wilmington market remains strong, with consistent closed sales and growing inventory reflecting a healthy real estate environment.
