What August’s Real Estate Numbers Are Telling Us

The Wilmington-area market is shifting, but there’s still plenty of activity.

Home prices continue to hold strong, with the average sale price up 3.4% from last August and more than 5% year-to-date. At the same time, homes are taking longer to sell, with average days on market increasing from 65 to 76 days.

Buyers also have more choices, with active inventory up 6.2% year-over-year. That means sellers are competing for attention, and pricing correctly has become increasingly important.

But buyers certainly haven’t disappeared. While August closings were down 7.2%, pending sales jumped 6.6%, and total sales for the year remain ahead of 2025.

The takeaway? It’s a more balanced, price-sensitive market. Buyers have more options, while sellers who price and position their homes well are still finding success.

As always, real estate is hyperlocal. If you’re curious what these trends mean for your neighborhood or property, we’d love to talk.