The Wilmington area’s housing market has been hopping even in the midst of the pandemic, with retirees continuing to flock to the region and people who can work from anywhere moving here, among other new residents.
A slight slowdown in July, however, was indicative of weary would-be buyers trying to cope with an intense seller’s market.
To provide some insight and the latest sales picture, including August's performance, the presidents of two of the largest local residential real estate firms – Denise Kinney of Coldwell Banker Sea Coast Advantage and Trey Wallace of Intracoastal Realty Corp. – answered questions Thursday about the market.
Wallace and Kinney shared their thoughts on a variety of topics, including whether prices are expected to decrease at some point and whether there might be too many Realtors vying for clients in the area.
View the full BizTalk conversation below. Also listen to this and future weekly WilmingtonBiz Talk discussions on the Business Journal's new podcast, available on Apple Podcasts
BizTalk is livestreamed on the Business Journal's Facebook page each week at noon Thursday. For notifications on upcoming topics, sign up for newsletters at wilmingtonbiz.com/register and to submit topic or speaker ideas, email [email protected].
Thursday, Sept. 16 (noon) – Area transportation issues and what’s next for the Cape Fear Memorial Bridge with NCDOT area engineer Chad Kimes and WMPO Executive Director Mike Kozlosky