CITY OF WILMINGTON HOUSING MARKET DATA

There was a decrease in total units sold in May, with 98 sold this month in City of Wilmington Real Estate versus 116 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 9% versus May 2024.

Versus last year, the total number of homes available this month is higher by 10 units or 6%. The total number of active inventory this May was 186 compared to 176 in May 2024. This month's total of 186 is lower than the previous month's total supply of available inventory of 211, a decrease of 12%.

Last May, the median sale price for City of Wilmington Homes was $235,100. This May, the median sale price was $240,500, an increase of 2% or $5,400 compared to last year. The current median sold price is 4% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.9 months of supply available in City of Wilmington. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 111 homes newly listed for sale in City of Wilmington compared to 145 in May 2024, a decrease of 23%. There were 104 current contracts pending sale this May compared to 106 a year ago. The number of current contracts is 2% lower than last May.

In May, the average sale price in City of Wilmington was 99.2% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 27, lower than the average last year, which was 32, a decrease of 16%.





FOCUS ON: CITY OF WILMINGTON HOUSING MARKET			MAY 2025

Zip Code(s): 19805, 19802, 19801 and 19806
Units Sold 98	Active Inventory 186	Median Sale Price $240,500	Days On Market 27

Up 9% Vs. Year Ago	Up 6% Vs. Year Ago	Up 2% Vs. Year Ago	Down -16% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 98 sold this month in City of Wilmington Real Estate versus 116 last month, a decrease of 16%. This month's total units sold was higher than at this time last year, an increase of 9% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 6%. The total number of active inventory this May was 186 compared to 176 in May 2024. This month's total of 186 is lower than the previous month's total supply of available inventory of 211, a decrease of 12%.
		Median Sale Price Last May, the median sale price for City of Wilmington Homes was $235,100. This May, the median sale price was $240,500, an increase of 2% or $5,400 compared to last year. The current median sold price is 4% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 111	Current Contracts 104	Sold Vs. List Price 99.2%	Months of Supply 1.9

Down -23% Vs. Year Ago	Down -2% Vs. Year Ago	Down -1.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in City of Wilmington. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 111 homes newly listed for sale in City of Wilmington compared to 145 in May 2024, a decrease of 23%. There were 104 current contracts pending sale this May compared to 106 a year ago. The number of current contracts is 2% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in City of Wilmington was 99.2% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 27, lower than the average last year, which was 32, a decrease of 16%.


	City of Wilmington are defined as properties listed in zip code/s 19805, 19802, 19801 and 19806.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.