You are here: Home Featured News August 2016 Home Sales Statistics
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August 2016 Home Sales Statistics

WILMINGTON, N.C. (September 12, 2016) August 2016 sales and listing data has been published by the Wilmington Regional Association of REALTORS® and is now available here.

 

http://www.wrar.com/home-sales-stats-buyers-and-sellers-menu/resid-mls-stats-buyers-and-sellers-menu.html

Don Harris, 2016 WRAR President responded to the data:

“The Wilmington area real estate market continues to show overall robust activity.  We’re seeing modest growth from July 2016 to August 2016, with the average sales price up to $260,238, the median sales price down to $206,000, with positive growth in total sales volume of $231,352,357, and fewer days on market (DOM), now 79 days.  August 2015 vs. August 2016 showed a very good increase in total units sold and total sales volume. There were minor losses in average and median prices, but continued success in fewer days on market (DOM). January 2015 to August 2015 vs. January 2016 to August 2016 experienced an impressive 20.29% increase in total units sold, with an almost 20% increase in total sales volume, and a significant reduction in days on market (DOM) of -14.64%, now at 98 days.”

Numbers to note:

 

Jan - Aug 2015

Jan - Aug 2016

% Change Jan-Aug

Total Units Sold

4,998

6,012

20.29%

Avg. Sales Price

$249,300

$248,014

-0.52%

Median Sales Price

$203,144

$205,213

1.02%

Days on Market

114

98

-14.64%

New Listings

8,005

8,233

2.85%

 

 

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