CITY OF WILMINGTON HOUSING MARKET DATA

There was a decrease in total units sold in February, with 59 sold this month in City of Wilmington Real Estate versus 77 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 26% versus February 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 February was 193 compared to 167 in February 2024. This month's total of 193 is lower than the previous month's total supply of available inventory of 203, a decrease of 5%.

Last February, the median sale price for City of Wilmington Homes was $180,000. This February, the median sale price was approximately the same at $233,000. The current median sold price is 29% higher than in February 2024.

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

In February, there was 3.3 months of supply available in City of Wilmington, compared to 2.1 in February 2024. That is an increase of 57% 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 128 homes newly listed for sale in City of Wilmington compared to 116 in February 2024, an increase of 10%. There were 108 current contracts pending sale this February compared to 86 a year ago. The number of current contracts is 26% higher than last February.

In February, the average sale price in City of Wilmington was 99.1% of the average list price, which is 0.7% higher than at this time last year.

This month, the average number of days on market was 38, higher than the average last year, which was 28, an increase of 36%.





FOCUS ON: CITY OF WILMINGTON HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 19805, 19802, 19801 and 19806
Units Sold 59	Active Inventory 193	Median Sale Price $233,000	Days On Market 38

Down -26% Vs. Year Ago	Up 16% Vs. Year Ago	Up 29% Vs. Year Ago	Up 36% Vs. Year Ago


		Units Sold There was a decrease in total units sold in February, with 59 sold this month in City of Wilmington Real Estate versus 77 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 26% versus February 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 February was 193 compared to 167 in February 2024. This month's total of 193 is lower than the previous month's total supply of available inventory of 203, a decrease of 5%.
		Median Sale Price Last February, the median sale price for City of Wilmington Homes was $180,000. This February, the median sale price was approximately the same at $233,000. The current median sold price is 29% higher than in February 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 128	Current Contracts 108	Sold Vs. List Price 99.1%	Months of Supply 3.3

Up 10% Vs. Year Ago	Up 26% Vs. Year Ago	Up 0.8% Vs. Year Ago	Up 56% Vs. Year Ago


		Months of Supply In February, there was 3.3 months of supply available in City of Wilmington, compared to 2.1 in February 2024. That is an increase of 57% 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 128 homes newly listed for sale in City of Wilmington compared to 116 in February 2024, an increase of 10%. There were 108 current contracts pending sale this February compared to 86 a year ago. The number of current contracts is 26% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in City of Wilmington was 99.1% of the average list price, which is 0.7% higher than at this time last year. Days on Market This month, the average number of days on market was 38, higher than the average last year, which was 28, an increase of 36%.


	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.