Category: For Sellers
October 2024 Market Stats
New home sales are showing positive growth, up 4.1% month-over-month and 6.3% year-over-year, according to the U.S. Census Bureau. The national median price remains stable at $426,300, and inventory levels are rising, especially in the condo market. Learn how these trends are shaping opportunities for buyers in the real estate market. Read More
September 2024 Market Stats
Explore the latest update on U.S. new home sales, with a nearly 10% increase year-over-year. Learn about the current median home prices, inventory trends, and which price ranges are selling the fastest. The housing market is offering more options with inventory on the rise, especially in the condo segment. Read More
August 2024 Market Stats
New home sales surged to their highest level since May 2023, with a 10.6% increase month-over-month. The median sales price climbed to $429,800, while inventory grew, providing more opportunities for buyers. Learn how these trends impact the housing market and what it means for homebuyers and sellers nationwide. Read More
July 2024 Market Stats
July 2024 local stats are out! Home sales dipped a bit, but there's still plenty to be excited about! New residential home sales are at 617,000 units nationwide. Prices are holding strong with the median at $417,300. Inventory is also on the rise, offering more options for buyers. In Cape Fear, while pending sales were down 29.5% over the past year, homes under $150K are selling fast at just 36 days on the market! More inventory means more opportunities for buyers. Let's find your dream home! Read More
June 2024 Market Stats
Despite a recent dip in new home sales, there’s good news on the horizon! Sales fell to 619,000 units, but the overall median sales price rose by 5.67% to $419,975. Townhouses and condos saw prices increase by 1.5% to $341,950. Homes under $150,000 are selling fast, averaging just 34 days on the market! Plus, inventory levels have jumped by 65.08%, providing more options for buyers. Read More
May 2024 Market Stats
U.S. existing-home sales dipped for the second month, down 1.9% month-over-month and year-over-year, per NAR. Despite this, there are positive trends: inventory for single-family homes rose 12.9% and for condos by 63%. Single-family home prices edged up to $450,000, while condo prices dipped to $320,000. National home prices hit a record high of $407,600. With more options and adjusting prices, it’s a great time for buyers and sellers! Read More
April 2024 Market Stats
Discover the latest positive trends in the real estate market as new residential home sales surge, bringing hope and opportunities for buyers and sellers alike. Explore the impact of the recent uptick in sales, the shifting dynamics of different price ranges, and the promising increase in inventory levels. Dive into our comprehensive analysis to understand how this surge in new home sales is shaping the housing market landscape and what it means for you as a homeowner or potential buyer. Read More
The Impact of Seasonal Trends on the Wilmington Real Estate Market
Wondering how seasonal trends shape the Wilmington real estate market? Dive into our latest blog post to discover insights on the impact of each season, from the busy spring and summer to the opportunities in fall and winter. Don't miss out – check out our latest blog post now! Read More
March 2024 Market Stats
Great news! Although there was a slight dip in U.S. sales of new residential homes, it's the first decline in three months, showing a stable market overall. Sales dipped just 0.3% month-over-month, but compared to last year, they're up by a solid 5.9%! Even better, the median sales price softened, dropping 7.6% year-over-year to $400,500, making homes more affordable for buyers. In Cape Fear, pending sales saw a decrease of 22.0% over the past year, but there's still plenty of positivity to go around. Despite some declines in certain price ranges, the overall median sales price increased by 2.3% to $399,000, with single-family homes leading the way with a 2.4% price increase. Plus, there's more inventory available, up by 9.6%, especially in the condo segment, which saw a whopping 30.7% increase. It's an exciting time for buyers and sellers alike! Read More
February 2024 Market Stats
February 2024 local stats are out! And good news! More new homes are selling across the country, with sales up by 1.5% from last month and 1.8% from last year, reaching a seasonally adjusted rate of 661,000 units, according to recent data. The median sales price also saw a positive uptick of 1.8% to $420,700, showing that the market is thriving. Even though pending sales in Cape Fear were down by 19.1% over the past year, there's still room for optimism. Despite some declines in certain price ranges, overall median sales price increased by 3.6% to $399,900. Townhouse/Condo prices went up by 3.0% to $339,900, indicating a healthy market. Homes priced between $150,001 to $300,000 are selling fast at 35 days, and while higher-priced homes may take a bit longer at 55 days, the market is still moving. Plus, there's more inventory available, up by 4.8%, especially in the condo segment, which saw a whopping 32.0% increase. It's a great time for buyers and sellers alike! Read More