CITY OF WILMINGTON HOUSING MARKET DATA

There was an increase in total units sold in April, with 112 sold this month in City of Wilmington Real Estate versus 104 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 6% versus April 2024.

Versus last year, the total number of homes available this month is higher by 26 units or 16%. The total number of active inventory this April was 188 compared to 162 in April 2024. This month's total of 188 is lower than the previous month's total supply of available inventory of 224, a decrease of 16%.

Last April, the median sale price for City of Wilmington Homes was $246,000. This April, the median sale price was $253,500, an increase of 3% or $7,500 compared to last year. The current median sold price is 9% higher than in March.

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

In April, there was 1.7 months of supply available in City of Wilmington, compared to 1.5 in April 2024. That is an increase of 10% 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 111 homes newly listed for sale in City of Wilmington compared to 133 in April 2024, a decrease of 17%. There were 119 current contracts pending sale this April compared to 97 a year ago. The number of current contracts is 23% higher than last April.

In April, the average sale price in City of Wilmington was 99.4% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 30, higher than the average last year, which was 26, an increase of 15%.





FOCUS ON: CITY OF WILMINGTON HOUSING MARKET			APRIL 2025

Zip Code(s): 19805, 19802, 19801 and 19806
Units Sold 112	Active Inventory 188	Median Sale Price $253,500	Days On Market 30

Up 6% Vs. Year Ago	Up 16% Vs. Year Ago	Up 3% Vs. Year Ago	Up 15% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 112 sold this month in City of Wilmington Real Estate versus 104 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 6% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 26 units or 16%. The total number of active inventory this April was 188 compared to 162 in April 2024. This month's total of 188 is lower than the previous month's total supply of available inventory of 224, a decrease of 16%.
		Median Sale Price Last April, the median sale price for City of Wilmington Homes was $246,000. This April, the median sale price was $253,500, an increase of 3% or $7,500 compared to last year. The current median sold price is 9% higher than in March. 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 119	Sold Vs. List Price 99.4%	Months of Supply 1.7

Down -17% Vs. Year Ago	Up 23% Vs. Year Ago	Down -1% Vs. Year Ago	Up 10% Vs. Year Ago


		Months of Supply In April, there was 1.7 months of supply available in City of Wilmington, compared to 1.5 in April 2024. That is an increase of 10% 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 111 homes newly listed for sale in City of Wilmington compared to 133 in April 2024, a decrease of 17%. There were 119 current contracts pending sale this April compared to 97 a year ago. The number of current contracts is 23% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in City of Wilmington was 99.4% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 30, higher than the average last year, which was 26, an increase of 15%.


	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.