Wilmington Real Estate Statistics

The below graph shows the history of New Hanover County’s inventory level (click here for definition) excluding the beaches. We excluded the beaches because there’s a ton of real estate for sale there so including them would significantly skew the levels making Wilmington appear to be a much stronger buyers market. Unfortunately, we can’t go back and track inventory levels for previous years due to MLS challenges, but we do know the lines would have been much much lower for 2003-2006.

Keep in mind a market with an inventory level above 7 months favors buyers whereas an inventory level under 5 months favors sellers. Also keep in mind that within different price ranges and areas, the inventory level can look very different. For example, homes in the $150-200k range are practically experiencing a buyers market due to supply and demand. Check out the Total Market Overview (TMO™) for further detail.