Thursday, September 2, 2010

Wilmington Area Home Sales Up!

According the stats from the Wilmington Regional Association of Realtors (WRAR), area home sales are up for the 10th straight month in a row!

Home sales rose to 507 last month, compared with 416 in June 2009 according to the WRAR. And the Days on Market (DOM) time has dropped from 139 to 119 days in the same period.

The only cloudy bit of news is that there's still room for improvement in the price of homes sold. The average price of homes sold is down 7% to $238,610 from $256,616 in June 2009.



Overall, all our numbers are showing a strong market rebound compared to other areas of the country.

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