CITY OF WILMINGTON HOUSING MARKET DATA

There was an increase in total units sold in August, with 92 sold this month in City of Wilmington Real Estate versus 89 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 10% versus August 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 3%. The total number of active inventory this August was 194 compared to 200 in August 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 203, a decrease of 4%.

Last August, the median sale price for City of Wilmington Homes was $237,450. This August, the median sale price was $225,000, a decrease of 5% or $12,450 compared to last year. The current median sold price is 4% lower than in July.

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

In August, there was 2.1 months of supply available in City of Wilmington, compared to 2.4 in August 2024. That is a decrease of 11% versus 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 106 homes newly listed for sale in City of Wilmington compared to 128 in August 2024, a decrease of 17%. There were 94 current contracts pending sale this August compared to 101 a year ago. The number of current contracts is 7% lower than last August.

In August, the average sale price in City of Wilmington was 98.7% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 35, higher than the average last year, which was 29, an increase of 21%.





FOCUS ON: CITY OF WILMINGTON HOUSING MARKET			AUGUST 2025

Zip Code(s): 19805, 19802, 19801 and 19806
Units Sold 92	Active Inventory 194	Median Sale Price $225,000	Days On Market 35

Up 10% Vs. Year Ago	Down -3% Vs. Year Ago	Down -5% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 92 sold this month in City of Wilmington Real Estate versus 89 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 10% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 3%. The total number of active inventory this August was 194 compared to 200 in August 2024. This month's total of 194 is lower than the previous month's total supply of available inventory of 203, a decrease of 4%.
		Median Sale Price Last August, the median sale price for City of Wilmington Homes was $237,450. This August, the median sale price was $225,000, a decrease of 5% or $12,450 compared to last year. The current median sold price is 4% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 106	Current Contracts 94	Sold Vs. List Price 98.7%	Months of Supply 2.1

Down -17% Vs. Year Ago	Down -7% Vs. Year Ago	Down -1.8% Vs. Year Ago	Down -11% Vs. Year Ago


		Months of Supply In August, there was 2.1 months of supply available in City of Wilmington, compared to 2.4 in August 2024. That is a decrease of 11% versus 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 106 homes newly listed for sale in City of Wilmington compared to 128 in August 2024, a decrease of 17%. There were 94 current contracts pending sale this August compared to 101 a year ago. The number of current contracts is 7% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in City of Wilmington was 98.7% of the average list price, which is 1.8% lower than at this time last year. Days on Market This month, the average number of days on market was 35, higher than the average last year, which was 29, an increase of 21%.


	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.