The Week in Review
....your Wilmington Connection
November 8, 2009
Wilmington saw some lovely weather this weekend. Nice temperatures up to 75. Maybe we didnt miss fall after all! This week in Wilmington was the Beach to Battleship Iron Man race. Those athletes started at 7am and some were still going at 10pm. Hands up to you all who competed and completed!
Contracts are still coming in. This is normal when you are with the Number one real esate company in Wilmington. Currently in Wilmington there is 12 months worth of inventory that is a far cry compared to 8 months ago. When we were looking at some price ranges having 36 months worth of inventory out there. Prices are still correcting themselves. Mainly due to the shortsales and foreclosures out there. My hunch is in the coming months we will start seeing more confidence with consumer spending.
There are 2293 homes on the market, with 316 currently under contract two thirds of those homes are priced at under $250,000. Over the last 3 months there have been 346 homes sold in the last 3 months....since August thats more than 10%.
until next week in The Week in Review
Tina
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