Blog with Masonboro Realty

Wilmington ranked 75th among most-searched real estate markets

June 5th, 2011 1:08 PM by Jerry Bailey

Wilmington was the 75th most searched real estate market among 250 in the country last month, a Realtors' website said Wednesday.

"We really do not find it surprising that Wilmington would be the 75th most searched MSA in the country," said Tom Spencer, general manager of Coldwell Banker Sea Coast Realty in Wilmington.

"Our homes still offer excellent value for their price, our job market is showing some signs of improvement," Spencer continued.

"In short, I think the many people who have relocated here have made friends and family aware of our area...."

In North Carolina, Wilmington led Asheville and Fayetteville, at 110th and 119th, respectively, according to Realtor.com.

Three North Carolina metro areas came in ahead of Wilmington: the Triangle, at No. 22; Charlotte, at No. 38, and the Triad, 59th.

The top most-searched market in the country was Chicago.

The Realtors' website also released price data.

In metro Wilmington (New Hanover, Pender and Brunswick counties), the median list price for single-family homes was $249,000 last month, down about 6 percent from April 2010. Nationally, April's median list price $191,900, down 4 percent from a year earlier.

Realtor.com did not give sale prices. The Wilmington Regional Association of Realtors does not release list prices.

The number of homes actively for sale in the Wilmington area stood at 6,911, down 16.26 percent from April 2010. National inventory dropped 8.25 percent from April 2010.

The median number of days that houses for sale in April had been on the market was 154 days, down nearly 5 percent from March. Realtor.com did not give year-earlier figures for days on the market.

Nationally the median number of days on the market was 95, down 12 percent from March.

-Wilmington Star-News

Posted in:General
Posted by Jerry Bailey on June 5th, 2011 1:08 PM

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