Wilmington NC Market Update 11-14-08

Here's an update on current market conditions:

• We have 5,651 single family homes for sale per the MLS.
• 2008 year to date average sale price $ 257,434
• Oct. 2008 - Median Sold Price is $200,000
• 365 homes sold in October 2008, shows 16 month supply of single family homes
• List to Sale Price Ratio: 94.7%
• Average Days on the Market October 2008 -116 Days

Most would agree that an inventory supply over 6 months is a buyer's market. So now is the time to buy. A solid credit score, down payment, and low interest rates help make the process easy.

To view properties visit www.TheKeytoWilmington.com. Please let me know if I can provide additional information.

Diane Parker, Broker/Realtor/e-PRO

Coldwell Banker Sea Coast Realty

910-617-5244 or 910-202-3767

DianeParker@SeaCoastRealty.com

www.TheKeytoWilmington.com