Wilmington NC - 2nd Quarter Recap - 28403 Area

Below is a recap of 2nd quarter 2009 activity in the 28403 zip code area of Wilmington, NC. With lots of inventory to choose from, great interest rates, and the $8000 tax credit available through 12/1/09, you may want to consider purchasing a home.

2nd Quarter 2009 - 28403 Zip Code

• Average selling price - $228,909, down 6.5% from year-end 2008 average selling price of $244,932.
• 11.2% of sellers in 2nd quarter paid a concession compared to 16.5% in 2008.
• Average list price - $245,395 down 7.1% over year-end 2008 average list price of $264,105.
• Average Days on Market for 2nd quarter - 166 days; 112 days for year-end 2008.
• Median sold price of $182,938 for 2nd quarter has decreased 6.2% from year-end 2008.
• Sold homes in 2nd quarter received 93.2% of the list price, up from 92.4% year-end 2008.

An Analysis of information from the Wilmington Regional Association of REALTORS®, Incorporated, for the period Jan. 1, 2005 through June 30, 2009 - data pulled on July 13, 2009.

To search homes for sale in Wilmington, NC, visit www.TheKeytoWilmington.com