Wilmington MSA Housing Market: Inventory Stabilizes, Prices and Demand Stay Strong
The Wilmington MSA housing market in June 2025 broke a six-month trend of rising new listings, signaling a potential market shift. New listings fell 20.1% from May to 1,332, and dropped 4% year-over-year. Meanwhile, active listings stabilized, up 1.5% month-over-month and 27.5% from June 2024, reaching 4,267 homes.
Buyer demand remains strong. Pending sales rose slightly (0.2%) from April and jumped 16.9% compared to last year. Closed sales increased 6.1% from May and 11.2% year-over-year, totaling 1,152 transactions.
Home prices continued to rise, with the median sales price climbing to $434,250 — a 9.4% increase year-over-year and a 2.2% rise from May. Homes spent an average of 63 days on the market, slightly longer than last year but shorter than the prior month.
The month’s supply of inventory decreased to 3.7 months, still up 14.6% from last year’s 3.2 months, showing signs of a balancing market.
Spotlight on the Luxury Market: New Hanover County (Over $750,000)
The luxury housing segment in New Hanover County — defined as homes priced above $750,000 — continued to show dynamic performance in June 2025.
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Active Listings: 250 homes were actively listed, a 13.5% increase from April 2025 and a 51.5% increase year-over-year from June 2024 (165 listings).
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New Listings: 105 luxury homes came to market in June, down 13.2% from April (121 new listings) and 25% from June 2024 (140 new listings).
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Closed Sales: 75 luxury homes sold in June, flat from May 2025 and up from 65 sales in June 2024, a 15.4% annual increase.
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Average Days on Market: The cumulative days on market for this segment dropped from 84.6 in April to 65.6 in June, reflecting improved buyer engagement.
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Average List Price: The average active list price in the luxury segment reached $696,105, a modest 1.4% increase year-over-year.
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Sales Volume: The total volume of sold luxury homes in June hit $37.75 million, compared to $32.30 million in June 2024 — a healthy gain of over 16%.
These numbers underscore sustained buyer interest in Wilmington's upper-tier properties, especially as more high-end homes become available. While affordability remains a regional concern, the luxury market is thriving — bolstered by strong buyer confidence and broader inventory selection.