š“ New Hanover County Real Estate Update ā June 2025: Summer Surge in Sales & Strategy āļøš”
Updated: Oct 7
Wilmington-area real estate is heating upāliterally and figuratively. Whether you're hunting for a home or prepping to list, the latest market data shows strong momentum with some surprising twists!
Hey there, New Hanover homeowners and future locals! š June just wrapped up, and the market didnāt just warm upāit sizzled. š„ With a big jump in closings and strong buyer activity, the June 2025 housing update from Cape Fear REALTORSĀ® gives us plenty to talk about. Letās dive in!
š June 2025 Snapshot ā New Hanover County Housing Market
š Market Metric | June 2025 | YoY Change |
Active Listings | 1,308 | šŗ +25.2% |
New Listings | 431 | š» -12.2% |
Pending Sales | 452 | šŗ +24.2% |
Closed Sales | 436 | šŗ +38.4% |
Median Sales Price | $463,750 | šŗ +0.8% |
Avg. Days on Market (DOM) | 54 | šŗ +46% |
Monthās Supply of Inventory | 3.00 | š» -9.6% |
š What's Really Happening?
š¦ Inventory Is Holding SteadyāBut Listings Are Down
Weāre seeing a 25% increase in active listings, but new listings dropped 12% from last year. This means more homes are sticking around, and sellers arenāt flooding the market with new inventory. Buyers have a solid pool to choose fromāwithout overwhelming competition (yet).
Pending & Closed Sales Exploded
š Pending sales jumped 24%, and closed sales soared nearly 40%āthose are serious numbers. This surge reflects the spring buying season peaking, with buyers locking in deals ahead of the back-to-school rush.
š Bonus: The average home is sitting just 54 days on the market. This is up from last year but still moving quickly enough that youāll need to stay nimble.
Prices Are HoldingāBut Not Spiking
šø The median sales price sits at $463,750, a modest 0.8% increase year-over-year. Thatās good news for buyers, who arenāt seeing dramatic jumps, and reassuring for sellers, who can still count on stable equity.
š„ š 5-Year Trend: Growth, Stability & Coastal Demand
Even through economic shifts, New Hanoverās real estate market remains a consistent performer. Prices have grown steadily over the past five years. The region continues to attract buyers for its lifestyle, location, and long-term value. š
š” Preparing for Your Next Move
Understanding Market Trends
As a realtor, understanding these trends is crucial. The market is dynamic, and staying informed will help you guide your clients effectively. With the current data, you can advise buyers and sellers on the best strategies to adopt.
Tips for Buyers
Be Ready to Act Fast: Homes are selling quickly. Have your financing in place.
Explore Different Areas: Consider neighborhoods that may be less competitive.
Stay Informed: Keep an eye on market trends to make educated decisions.
Tips for Sellers
Price Strategically: Understand the market to set a competitive price.
Enhance Curb Appeal: First impressions matter. Make your home inviting.
Work with a Local Expert: A knowledgeable realtor can help you navigate the market.
š§ Key Takeaways: New Hanoverās Market Is Balanced and Active
š¦ More homes available, but fewer new listings = less pressure on buyers.
š¼ Sales are booming, especially closings.
š° Prices are stable, with no signs of a bubble.
š Location remains everythingāhomes in walkable, coastal, or renovated areas are going fast!
Ready to make your move in New Hanover County?
š Whether youāre buying your dream home in Wilmington or selling a condo near Wrightsville Beach, having a local expert who knows this market inside and out is your key to success.
š Powered by Cape Fear REALTORSĀ® ā the trusted voice of real estate in New Hanover County and the greater Wilmington MSA.
A reliable source for real estate market data provided by Cape Fear REALTORSĀ®, compiled from NCRMLS.
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