Contracts High in Wilmington Real Estate Market

The Wilmington market may be in for a rebound in the short term, a good sign considering a current five-week downward trend. While 13 homes were sold over the last 30 days, the number of contracts executed rose to 35, the highest amount in three months. In comparison, Lowell had 116 contracts executed in the same time frame, the most of all nearby municipalities. Potential buyers should note that prices are coming down in Wilmington, and for this period the median sales price slid from $430,000 to $425,000. In spite of the decrease in sales, a low three months of inventory signals that Wilmington is a seller's market.

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$385K   $619K   $639K  

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Demographic facts for Wilmington:

  • This area has 3.5% vacant homes.
  • The area gets an average of 198 sunny days each year. (U.S. average: 205)
  • The student per librarian ratio in this area is 686:1. (803:1 = national average)

Data reported through 10/12/2016

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Laer Realty Partners
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