2010 market report
2010 is now behind us and the year’s numbers were similar to the 2009 figures. 4509 units were sold in 2010 compared to 4,369 in 2009. The average sales price for 2010 was $231,182 while in 2009 our average sales price was $234,353 a decrease of 1.4%. The median sales price for 2010 was $184,500 while in 2009 our median sales price was $185,000. The average days on the market for 2010 were 128 days while in 2009 it was 136.
December 2010 average sales price has managed to exceed last December by 5.4%. Sold units are 5 units over last year and up 57 from December 2009. In the month of December there was a decrease of 360 homes in the listing inventory. In January 2011, there were 4,647 homes on the market. This continues to be a strong buyer’s market with a listing inventory of just over a 12.6 month supply. The average list price stayed below the $400,000 range for all of 2010--currently at $349,003. The average listing price peaked in the month of June at $386,624. The average days on the market remain 144 days. The number of homes that sold in 15 days or less continues to remain very low, 13.6% of December sold homes.
Average Sold Price Year to Date
Year over year our year to date numbers have dipped a little.
2003 year end average sale price $ 186,137
2004 year end average sale price $ 210,048
2005 year end average sale price $ 254,080
2006 year end average sale price $ 264,498
2007 year end average sale price $ 273,408
2008 year end average sale price $256,498
2009 year end average sale price $234,379
This data was pulled on January 10, 2011, based on information from the Wilmington Regional Association of REALTORS Incorporated, for the period Jan. 1, 2005 through December 31, 2010.