Print
Real Estate - Residential

Realtors Report Increase In Sales, Listings In January

By Staff Reports, posted Feb 16, 2024
The Wilmington area’s latest residential real estate report shows an increase in the number of homes sold and in the number of new listings compared to the same period last year.

According to the report, compiled from the N.C. Regional Multiple Listing Service by Cape Fear Realtors, the January housing market for the Wilmington Metropolitan Statistical Area (MSA) "brings an increased selection for home buyers. 

“With a 21.1% increase in active listings and a 20% increase in new listings, January 2024 ended with a total of 2,617 active listings on the market.” 

Last month also recorded an increase in pending sales “as the market caught up to the demands of the new year,” the report stated.

The 50% increase in pending sales compared to December 2023 is a similar spike the Wilmington MSA market experienced a year ago, according to the report.

The median sales price for January 2024 was $395,000, a 4.2% increase compared to January 2023.

“Although there was an 11.7% decrease in closed sales compared to December 2023, an increase was experienced year-over-year,” the CFR report stated. “Compared to January 2023, closed sales increased 8%. The Wilmington MSA finished January 2024 with 665 closed sales.

“With more inventory on the market at the end of the year, buyers are able to take more time than they have previously been allowed to shop,” said 2024 CFR President Amanda Parmer in the release. “We wait to see what interest rates will be in 2024, as well as insurance rates, and how that will affect affordability in our area.”
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshotrosaliecalarco 1182131047

Help Stop Government Impersonator Scams

2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech

Trending News

City Club, Event Center On The Market For $7.5 Million

Emma Dill - Apr 16, 2024

Wilmington Tech Company Tapped For Federal Forestry Contract

Audrey Elsberry - Apr 15, 2024

Commercial Real Estate Firm Promotes Adams, Mitchell To Vice President Roles

Staff Reports - Apr 16, 2024

New Hanover Industrial Park To Get $3.3M In Incentives For Expansion, New Jobs

Emma Dill - Apr 15, 2024

Gravette Named Executive Director Of Nir Family YMCA

Staff Reports - Apr 16, 2024

In The Current Issue

TD Bank Brings Trend To Leland

In early March, New Jersey-based TD Bank opened its third Wilmington-area branch in Leland. That’s part of a trend for the bank....


Opioid Settlement Fights Epidemic

Local leaders in Wilmington and New Hanover County have been working together to allocate money from two nationwide opioid settlement agreem...


Chemical Reactions

The impact of PFAS on the environment and people exposed to it is still being studied. However, multiple public entities in the region have...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season