The Wilmington MSA saw the median home sale price settle at $404,123 in September 2024, reflecting a slight 2.8% dip from August but a 1% increase year-over-year. Despite stable sale prices, active listings surged by 41.3% from last year, closing the month with 3,424 properties—a 3.8% rise from August.
This inventory growth affects key market indicators. The average days on market (CDOM) extended to 59 days, a 3.5% increase from August and 25.5% higher than last September. Additionally, the month’s supply of inventory climbed to 3.7 months, marking a 20.7% month-over-month and 34.7% year-over-year increase.
As expected post-summer, new listings, pending sales, and closed sales declined. September saw a 13.1% drop in new listings to 1,091, a 6% drop in pending sales to 950, and a 14% drop in closed sales, totaling 918.
