Walt Dowdy
Wilmington’s Real Estate Market Peaked in 2006
Where most real estate markets across the nation peaked in 2005, the Wilmington NC real estate market peaked in June of 2006. Since that time, home sales have been on a roller coaster ride….down.
Over the course of a year, home sales typically follow a bell curve with the first and last three months of each year being the months with the least amount of sales. Spring and Summer always has a higher number of home sales.
The Downward Trend
In spite of these seasonal dips and rises in 2007 and 2008, overall home sales have been on a downward trend.
As I pointed out in my November and December thoughts on the market, it is understandable that the Wilmington Market ended on a record low note when looking at the past three years of home sales.
Upcoming Updates
In my next Wilmington NC Real Estate Market Trend Update, I will share with you another graph that reveals how many new homes came on the market each month for the past three years.
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Filed under: Wilmington NC Home Sales Trends, Wilmington NC Real Estate Housing Market Update | Tagged: Housing Market, Wilmington NC, Wilmington NC Housing Market, Wilmington NC real estate, Wilmington NC Real Estate Market
