Positive Thoughts on the Wilmington NC Real Estate Market

I wanted to take a moment a list a few of the things that I am personally seeing in the Wilmington NC Real Estate Market. I have attached a link to an article in today's Star News stating that homes sales were down almost 28% in Wilmington, NC in 2008. I feel most people are aware of this, but I would like people to also know that good things are happening, and real estate is selling.

• Buyers can afford more home with lower interest rates
• First-time buyers can take advantage of $7500 tax credit
• There is inventory available for first-time buyers. I recall when there was little inventory available under $150,000. Now there are options out there.
• Although there is lots of inventory to choose from, inventory has declined since 2007.
• Buyers are out there in the market and purchasing homes.

There is activity in the market place. People are buying and selling homes. Wilmington NC is a desireable relocation destination. I believe staying positive, staying focused, and working hard, will continue to show positive results regardless of the overall market conditions.

Diane Parker, Broker/Realtor/e-PRO

Coldwell Banker Sea Coast Realty

910-617-5244 or 910-202-3767

DianeParker@SeaCoastRealty.com

www.TheKeytoWilmington.com

http://www.starnewsonline.com/article/20090128/ARTICLES/901282984/1002/NEWS06?Title=Number of 2008 Wilmington area homes sales down almost 28 percent